UK November M4 money supply m/m +0.1% vs +0.6% prior

Author: Justin Low | Category: News

Latest data released by the Bank of England - 4 January 2018

  • M4 money supply y/y +3.7% vs +4.1% prior
Well, the trend for 2017 seems to be a decrease in the M4 money supply. But with inflation already at such elevated levels, it's probably justified.

A minor data point as reference to the UK economy. Nothing much to glance upon here.

GBP/USD now at 1.3544 after jumping up 10 pips to 1.3546 upon the release of the UK data (mainly in reaction to the services PMI).

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