Poland M3 Money Supply (YoY) rose from previous 7.3% to 8.4% in September

Derek Halpenny, Research Analyst at MUFG, notes that the negative sentiment for the pound was on show yesterday with the news of the AB InBev purchase of SABMiller for GBP 68bn failing to provide the pound with support for longer than a few hours. Of course the news was not a huge surprise and was perhaps well priced but the nonetheless, the turnaround during the day highlighted the continued negative sentiment for the pound.