The annual growth rate of the broad monetary aggregate M3 stood at 5.0% in September 2016, after 5.1% in August, averaging 5.0% in the three months up to September. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate, including currency in circulation and overnight deposits (M1), decreased to 8.5% in September, from 8.9% in August.
The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was less negative at -1.3% in September, from -1.5% in August. The annual growth rate of marketable instruments (M3-M2) increased to 5.5% in September, from 4.4% in August.
Euro is currently being traded around 1.0920 level. Pair is likely to find support around 1.0850 handle and resistance above 1.0950 area.
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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