Function. Current is gaining against the dollar, including the pound. Currency gaining against the dollar, including the pound. Hammond sees growth next year at 1. 4 compared with an earlier estimate of 1. 6 as a result of revised productivity data and headwind by the brexit vote. Deficit will be 35 39 it compared with the previous forecast. Peaks of earlier this month. Highest near its dilation since april of 2015 versus the stoxx 600. Dax is rebounding from backtoback weekly declines as a lower euro boost its exports. Germany, the relents flattening of the u. S. Yield curve this year has creative a dynamic in the global money market and seen in years with the extra yield investors get for purchasing job german tenyear boom is is 106 basis points, 48 points higher than they got from buying 10 year treasuries instead of twoyear notes. That is the blue line, the most positive gap from the two curves means addinghich duration in germany looks relatively cheap even if absolute yields are