ECB survey has 2017 inflation expectations at 1.4% vs 1.2% prev

Latest ECB Survey of Professional Forecasters 20 Jan

• 2021 inflation at 1.8% unchanged for 5th straight quarter
• near-term inflation increases largely due to higher oil prices
• core inflation f/casts broadly unch at 1.1%
• unemployment expectations show a downward trend, f/casts cut again
• 2017 GDP +1.5% vs 1.4% seen in Q4 2016

Meanwhile EURUSD 1.0662 EURGBP 0.8635 EURJPY 122.57 going nowhere in a hurry.