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Tuesday 28th February 2017

The latest Euro-zone money supply growth data was in line with consensus expectations.

The latest Euro-zone money supply growth data was in line with consensus expectations as growth slowed slightly to 4.9% from 5.0% previously while private loan growth was slightly stronger for the month at 2.2% from 2.0% previously. Euro-zone economic confidence edged higher for February to the highest level since 2011 which underpinned growth hopes. The latest Opinionway opinion poll for the French Presidential election registered a small improvement for Macron which provided net Euro support as concerns surrounding a potential Le Pen victory faded slightly.

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