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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 US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
Cable: Asia open $1.2977, range....>
STERLING SUMMARY: Cable: Asia open $1.2977, range $1.2974-99. Europe open
$1.2990, range $1.2968-93.
* Eur/Gbp: Asia open Gbp0.9069, range Gbp0.9060-69. Europe open Gbp0.9064, range
Gbp0.9052-68.
* Cable consolidated between $1.2974-85 early Asia then edged to $1.2999 ahead
of Europe.
* Risk off plays continued from NY into Asia. Sales of Gbp/Jpy provided a
counter to sterling recovery efforts.
* Cable touched $1.2993 in opening Europe then began to drift lower, influenced
by Usd/Jpy recovery off lows.
* Eur/Usd slippage outpaced cable which allowed Eur/Gbp to ease to Gbp0.9052.
* Jpy demand emerged again, sales of Gbp/Jpy pressed cable down to $1.2968 while
Eur/Gbp edged back to Gbp0.9068.
* Sterling remained under pressure late morning.
* Focus on US CPI. Yen to continue to provide main directional impetus via risk
and Fed outlook.
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.