Moscovici says he has confidence that French government will take the necessary economic measures

EU finance head and ex-French fin min Moscovici talking to France 2 TV 3 July

  • France will not delay in reaching 3% deficit
  • sees French 2018 budget with deficit below 3%

We'll see in due course.

Meanwhile EURUSD a tad lower at 1.1410 as EURGBP runs into the 0.8785 resistance area I highlighted earlier and drifts back to 0.8777.

Moscovici- France will take right steps

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