- 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
- CreditCredit
Real time insight of credit markets
- Data
- MNI 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
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
- 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
- CreditCredit
Real time insight of credit markets
- Data
- MNI 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 AccessCable: Asia open $1.3059, range....>
STERLING SUMMARY: Cable: Asia open $1.3059, range $1.3050-77. Europe open
$1.3073, range $1.3040-79.
* Eur/Gbp: Asia open Gbp0.8927, range Gbp0.8918-0.89345. Europe open Gbp0.8922,
range Gbp0.8902-32.
* Thursday's BOE MPC 'dovish hike' pressed cable to an eventual low of $1.3043,
closed around $1.3060.
* Rate extended its recovery, in slow fashion, to $1.3077 in Asia as Eur/Gbp
drifted off to Gbp0.8918.
* Sterling opened Europe with a firmer note, albeit at weak levels. Real money
noted buyers into sterling dips.
* Usd demand in early Europe acted to press cable lower, in tandem with Eur/Usd,
to an extended post BOE MPC low of $1.3040.
* Decent demand here buoyed rate, allowed for recovery to $1.3059 ahead of UK
Services PMI.
* Strong data spiked cable to $1.3079, dropped Eur/Gbp to Gbp0.8902. Cable eased
to $1.3060, awaits US NFP.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.