Eurozone July M3 money supply data now out 28 Aug

  • 5.0% prev
  • EZ lending to companies +2.4% yy
  • lending to households +2.6% yy
  • M1 growth +9.1% yy

M3 shrinking ( slowest pace of growth since Oct 2016) but lending still increasing.

EURUSD trying to crack 1.1920 as a little more retracement continues.

EURGBP down to 0.9244 helping to underpin cable

Eurozone M3 money supply