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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 AccessCable: Asia open $1.3066, range....>
STERLING SUMMARY: Cable: Asia open $1.3066, range $1.3060-$1.3123. Europe open
$1.3097, range $1.3095-1.3125.
* Eur/Gbp: Asia open Gbp0.8980, range Gbp0.8942-90. Europe open Gbp0.8961, range
Gbp0.8935-61.
* Cable marked lows in Asia at $1.3060 then rallied to $1.3123 on better weekend
press reports concerning PM May.
* Cable eased back to $1.3075 then edged back toward $1.3100 into Europe.
* Asian markets were thin due to Japan and S.Korea holidays. US and Canada
holidays later made for a quiet day.
* Sterling retained a firm tone into Europe, cable edged to $1.3125 while
Eur/Gbp squeezed down to Gbp0.8935.
* Eur recovery edged cross back to the Gbp0.8945/50 area though cable retained
buoyancy.
* Times report of ONS mistake in Friday Unit Labour Cost release helped buoy
sterling, little react when confirmed.
* Focus Tuesday UK Trade, IP and Construction data.
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.