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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 US CPI Preview: Setting The Tone For 2025
MNI ASIA MARKETS OPEN: NY Fed Inflation Expectations Gaining
MNI ASIA MARKETS ANALYSIS: Tsy Ylds Drift Higher Ahead CPI/PPI
Cable: Asia open $1.3159, range....>
STERLING SUMMARY: Cable: Asia open $1.3159, range $1.3099-1.3160. Europe open
$1.3104, range $1.3087-1.3146.
* Eur/Gbp: Asia open Gbp0.9007, range Gbp0.9004-19. Europe open Gbp0.9016, range
Gbp0.8981-0.8922.
* Cable recovered off its Thursday low of $1.3135 to $1.3209 in early NY then
retreated to the $1.3150/60 area into close.
* Eur/Gbp provided the main downside weight for sterling as rate broke above
Gbp0.8950 and rallied to Gbp0.9013.
* Brexit concerns continued to weigh against the pound into Asia, despite some
positive remarks from Germany Merkel.
* News US Senate voted to adopt the 2018 Budget resolution(opens tax reforms)
boosted the Usd across the board in Asia.
* Cable dropped from $1.3160 to $1.3099 and held heavy into Europe, added sales
extended slippage to $1.3087.
* Cable bounced as Eur/Gbp reversed from Gbp0.8922, cross eased to Gbp0.8981 as
cable rallied to $1.3146.
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.