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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 $1.3191, range....>
STERLING SUMMARY: Cable: Asia open $1.3191, range $1.3190-1.3245. Europe open
$1.3229, range $1.3223-60.
* Eur/Gbp: Asia open Gbp0.8921, range Gbp0.8913-0.89275. Europe open Gbp0.8923,
range Gbp0.88985-0.89265.
* Cable recovery off Thursday's low of $1.3135 touched a high in early NY of
$1.3208, closed around $1.3185.
* Early demand in Asia lifted rate to $1.3210 before Usd came under general
pressure on reaction to WSJ headlines.
* WSJ - Special Counsel Mueller subpoenaed Trump's election campaign last month.
* Reports N.Korea close to building a submarine with missile launching
capabilities also weighed on the Usd.
* Cable spiked to $1.3245, corrective pullbacks found support at $1.3225. Rate
edged back toward $1.3240 into Europe.
* Brexit comment early Europe dictated direction, initially edged rate to
$1.3257 then back to $1.3223.
* However, underlying sterling bid tone allowed cable to edge to $1.3260.
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.