OECD raises French 2107 GDP forecast to 1.7% vs 1.3% prev

OECD out with a note on France 14 Sept

• 2018 GDP 1.6% vs 1.5% prev
• sees public sector deficit at 3.0% in 2017 and 2.9% in 2018
• French pension spend still high, retirement age low
• France needs long term strategy to cut public spending
• needs balance of power between workers,firm

OECD with a shot across the bows on spending despite upping GDP hopes.

EURUSD still trawling around 1.1880 making its mind up.

Order board with you shortly.

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