Spanish economic minister de Guindos out on the wires 28 March

  • cabinet will approve budget on 31 March
  • 2017 GDP f/c +2.5%
  • growth f/c very prudent
  • Spain will create 500k jobs in 2017
  • year-end unemployment will clearly be below 17%
  • mon pol is heading towards a period of "normality"

Jury's out on that one still.

Meanwhile EURUSD 1.0857 as EURGBP retreats to 0.8633 and pushes up able to 1.2575 after the early move to 0.8658 and 1.2539