Eurozone: Q3 GDP likely to confirm strong growth momentum - ANZ

According to analysts at ANZ, Eurozone’s Q3 GDP is likely to confirm that growth momentum remains strong; while leading indicators of price pressures point to a cyclical upswing in core inflation.

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“This will probably be enough for the ECB to remain confident in its ‘rescaling’ plan. However, as structural drivers are set to keep weighing on prices for some time, a shift in the ECB’s cautious thinking is unlikely. As such, we suggest selling the euro on upside surprises.”