European session review: the euro was down against the US dollar

The following data was published:

(Time / country / index / period / previous value / forecast)

8:00 Changing the Eurozone private sector lending volume, y / y in August to 1.8% 2% 1.8%

8:00 Eurozone M3 Money Supply, y / y in August 4.8% 4.9% 5.1%

10:00 UK retail sales according to CBI on September 9 7 -8

The British pound came under pressure after data from the CBI. The survey of 120 companies, of which 63 were retailers showed that sales fell last month, despite the expectation that sales will be largely unchanged. However, sales are likely to rise slightly this year.

Overall, sales for this time of year were considered above seasonal norms.

The volume of orders from suppliers fell the sixth consecutive month, disappointing expectations for a rebound in the growth of orders.

In the retail sector, the decline in sales of grocery food and beverages, as well as footwear and articles of leather were the main factors in the fall of the total volume. At the same time, a significant increase was recorded in sales of clothing, hardware & DIY.

The growth of online sales slowed down in September, although is expected to accelerate in October.

The euro fell against the US dollar, while investors evaluate the US presidential debate and statistical data for the euro area.

In the opinion of many market participants, Clinton seemed to win. According to a CNN poll, 62% of viewers gave the victory in the first round to her. Democratic candidate Donald Trump managed to get on the defensive during the greater part of the discussion.With regard to the statistical data, in the euro zone money supply growth accelerated in August, and the lending of households increased at a steady pace, said Tuesday the European Central Bank.

Investors also evaluated by statistical data for the euro area. Eurozone money supply growth accelerated in August, and the lending of households increased at a steady pace, said the European Central Bank.

Broad money M3 increased by 5.1 percent year on year in August, faster than the growth of 4.9 percent in July.

Economists had forecast that the growth rate will accelerate to 4.9 percent compared to the initially estimated rise in July of 4.8 percent.

Similarly, M1 aggregate, which includes cash in circulation and overnight deposits, increased by 8.9 percent in August after rising 8.4 percent in July.

Deposits placed by households increased by 5.2 per cent and deposits from non-financial corporations rose by 7.1 per cent.

The data showed that the annual rate of credit growth in the private sector amounted to 1.5 percent in August, compared with 1.4 percent in July.

Loans to the private sector increased by 1.7 percent in August, the same rate as in July. In addition, household loans grew at a steady pace of 1.8 percent, and loans to non-financial corporations rose by 1.9 per cent.

EUR / USD: during the European session, the pair fell to $ 1.1220

GBP / USD: during the European session, the pair fell to $ 1.2935 and retreated

USD / JPY: during the European session, the pair fell to Y100.26