BOF gov and ECB governing council member speaking on radio and out on Bloomberg

  • Euro exchange rate favourable to French growth
  • French growth depends first on France
  • French reforms are starting to work
  • Eurozone growth seen at +1.7% in 2016
  • 2016 not going to be a repeat of 2008
  • China GDP for 2016-17 seen at between +6-7%

Rhetoric coming thick ands fast this morning. Better get me a bigger ice bucket!

Meanwhile EURUSD 1.0833 edging back up from its lows. Offers at 1.0840 expected