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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Amid the backdrop of political uncertainty....>
CABLE: Amid the backdrop of political uncertainty over Brexit, GBPUSD witnessed
sharp falls of over 2% yesterday to lows of $1.2724, before basing ahead of the
NY close. A much lighter session overnight has seen GBPUSD largely consolidate
in a narrow $1.2762-1.2814 range ahead of the European crossover. Markets will
remain headline driven with focus now on senior Ministers Gove & Mordaunt's
future. We also await confirmation of 48 letters lodged with the 1922 committee
which would trigger a confidence vote in May. Incidentally, PM May is speaking
on LBC radio from 0800GMT. GBPUSD last trades $1.2807 with topside resistance
seen at $1.2841 from the 38.2% retracement of $1.3030-1.2724. Support from the
Asia low at $1.2762. EURGBP reclaimed the Gbp0.88 handle yesterday and has built
on recent momentum to comfortably hold above Gbp0.8850. Bulls target a close
above the 100-dma at Gbp0.8881 to regain control. GBPJPY closed below the
100-dma yesterday and currently trades either side of Y145.00.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.