The annual growth rate of the broad monetary aggregate M3 increased to 5.1% in August 2016, from 4.9% in July, averaging 5.0% in the three months up to August. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate, including currency in circulation and overnight deposits (M1), increased to 8.9% in August, from 8.4% in July.
The annual growth rate of short-term deposits other than overnight deposits (M2-M1) stood at -1.5% in August, compared with -1.4% in July. The annual growth rate of marketable instruments (M3-M2) decreased to 4.5% in August, from 5.0% in July.
Euro is currently being traded around 1.1230 handle. Pair is likely to find support around 1.12 area and resistance above 1.1280 level.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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