EU Commission financial head Moscovici on Radio Classique 26 June

  • deal on Europe's detached workers not far away
  • reforms in France necessary
  • France could meet 3% deficit target
  • 2017 deficit under or at 3% possible in France
  • Paris needs to be attractive to lure Brexit business

Moscovici was formerly French fin min. between 2012-14.

EURUSD 1.1193 going nowhere in a hurry still. EURGBP ditto at 0.8780 . EURJPY a tad higher at 124/74 as USDJPY tests 111.50 again. GBPJPY up to 142.10 underpinning GBPUSD above 1.2740

Moscovici- Europe on the way up