MNI BRIEF: Rate Changes Affect Eurozone More Than US Firms-ECB

MNI BRIEF: BOJ May Real Export Index Drops 1.4% M/M

MNI BRIEF: PBOC, MOF To Promote Treasury Trades Progressively

MNI: PBOC Net Injects CNY276 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY278 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1159 Weds; -1.39% Y/Y

MNI: EUROZONE APR CONSTRUCTION OUTPUT -0.2% M/M, -1.1% Y/Y

Volatile LFS Unemployment Rate Below Consensus In May

7-2 vote increasingly likely; more clarity only likely post-election

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Better offered as USD bounce

CABLE

Cable hovers near the low of the day, mostly driven by the USD.

  • UK Holiday today, will likely keep turnovers on the lighter side.
  • Focus this week will likely be on BoE speakers, with BOE's Bailey, Bowe, Brazier, Ramsden and Vlieghe on Wednesday, appearing before Treasury Committee.
  • Ben Broadbent and Andy Haldane: 2020 Annual Meeting of the CB Research Association are also due Wednesday.
  • In terms of data, we get Manufacturing, Service and Composite PMIs, but these will be final reading, so more focus on the construction PMI due Friday.
  • In terms of risks, Covid and Brexit remains at the forefront, with the UK cases having its biggest increase since early June, and with School set to return this week.
  • Regarding Brexit, the Times reported that Lord Frost will recommend, "Britain leaves without a trade deal unless Brussels drops demands the UK continue to align with its rules on state aid."
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign Exchange Bullets

To read the full story

Close

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.