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Eurozone: Growth is robust but it’s no longer a surprise - BNPP

Analysts at BNP Paribas explain that most activity and sentiment indicators of Eurozone continue to be above the long-term average, which is a reflection of the robust growth environment.

Key Quotes

“Most indicators have been in line with expectations: analysts have caught up with reality. This does not mean that a slowdown is around the corner, it just suggests that it will be increasingly difficult to be positively surprised.”

USD/CAD eases from 9-month tops, still positive above 1.31 handle

   •  Strong USD demand/US bond yields supportive of the up-move.    •  Weaker oil prices did little to support commodity-linked Loonie.    •  Focus
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GBP/USD further upside lacks momentum – UOB

FX Strategists at UOB Group stick to the neutral stance on Cable, which is likely to return to the consolidative phase. Key Quotes 24-hour view: “We
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