- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessTrending Top 5
Market News Topics
October 20, 2020 06:19 GMT
Brexit Headlines Remain in Focus For Direction
CABLE
MNI (London)
- Cable tracked EUR/USD's stronger recovery Monday, the rate pushed to a high of $1.3025 but struggled to hold above $1.3000.
- Rate eased in post fix/NY afternoon trade to $1.2937, closing the day at $1.2946.
- Cable consolidated Monday afternoon's losses, trade through Asia contained by $1.2935-58.
- Failure to keep in step with EUR/USD's stronger tone allowed EUR/GBP to edge back above its key 10-dma(current Gbp0.9075), which if holds turns outlook bullish, with the top of the 1.0% 10-dma envelope, currently coming through at Gbp0.9166, exposed.
- Brexit talks continued Monday, Barnier tweeting that the EU remains available to intensify talks this week. UK has acknowledged EU's proposal to intensify talks but said there is no basis to resume talks unless there is a fundamental change in the EU approach.
- MNI Techs: GBPUSD remains below the Oct 12 high of 1.3083. A break is needed to resume the recent uptrend that would open 1.3000 and 1.3198. A break of 1.3198 required to strengthen a bullish theme. Firm near-term support lies at 1.2846.
- Brexit negotiations, COVID-spread/measures continue to dictate sterling direction.
- BOE Vlighe speaks at 1030BST
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok