Moody's say possibility of another round of early Spanish elections remains

US ratings agency out with their latest take on Spain 7 Nov

• Spain"s new minority govt will struggle to implement reforms, negative for credit


• has little confidence Spain will meet European commission"s fiscal targets


• sees Spanish 2017 GDP at 2% vs 2.9% in 2016, also slowed down by Brexit and lower investment

Not exactly a glowing reference from Moody"s.

Meanwhile EURUSD still holding 1.1050 as euro demand generally prevails.

Moody"s say possibility of another round of early Spanish elections remains
Moody"s say possibility of another round of early Spanish elections remains
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