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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Cable: Asia open $1.2822, range....>
STERLING SUMMARY: Cable: Asia open $1.2822, range $1.2805-27. Europe open
$1.2815, range $1.2792-1.2833.
* Eur/Gbp: Asia open Gbp0.9173, range Gbp0.91725-0.9177. Europe open Gbp0.9176,
range Gbp0.91615-0.9214.
* Cable recovered off its Tuesday low of $1.2810 to $1.2846 before it closed
around $1.2822.
* Sterling was seen on the defensive through Tuesday trade, evidenced by Eur/Gbp
extending recent gains to Gbp0.9176.
* Cable eased to $1.2805 early Asia then recovered to $1.2827 on Trump comments
but struggled to hold gains.
* Rate drifted to $1.2815 into Europe before it edged up to $1.2833 as Eur/Gbp
eased to Gbp0.91615.
* Strong Eur rally, prompted by strong German Mfg PMI data, took Eur/Gbp through
Gbp0.9200 and on to Gbp0.9214.
* Move dropped cable down to $1.2792 with recovery effort seen labored back
above $1.2800.
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.