A euro break up doesn't seem a probable outcome says IMF's Obstfeld

Presser following the latest IMF global forecasts

  • A degree of Greek debt restructuring is necessary

Sticking to the party line on Greece.

  • UK consumer has shown resilience after the Brexit vote

  • Still thinks the uncertainty over Brexit is negative

And, as if by magic, UK Chancellor Hammond pipes up to say that the decision to call an election will strengthens the UK's hand in Brexit talks.

That remains to be seen...

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