United Kingdom 4Q Total Business Investment (YoY) grows 0.4% and (QoQ) falls 1.2%

Today's upside found its high early in London morning, at 0.8673, and a retracement of gains was already in process just before the release of EMU money supply data. EMU M3 money supply eased from 3.7% to 3.5% (3m) in January, but rose from 3.3% to 3.5% (consensus of 3.2%) in the annualized basis. Private loans contracted -0.9%, more than the -0.6% expected.