Eurozone set up nicely for continued firm growth - ING

Viraj Patel, Research Analyst at ING notes that 2Q EZ GDP came out in line with consensus at 0.6%, although the 1Q print was revised down to 0.5% QoQ.

Key Quotes

“As our EZ economists note, the region seems to be set up nicely for continued firm growth in the rest of 2017, which is likely to keep the markets current ECB QE taper bias in place. EUR/$ uptrend remains intact, though we would expect some consolidation around 1.18 ahead of Friday’s NFP.”