The annual growth rate of the broad monetary aggregate M3 decreased to 4.4% in October 2016, from 5.1% in September, averaging 4.8% in the three months up to October. 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 7.9% in October, from 8.4% in September.
The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was more negative at -1.5% in October, from -1.0% in September. The annual growth rate of marketable instruments (M3-M2) decreased to 1.7% in October, from 5.5% in September.
Euro is currently being traded around 1.0670 level. Pair is likely to find support around 1.06 handle and resistance above 1.07 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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