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Why MNI
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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 $1.3325, range....>
STERLING SUMMARY: Cable: Asia open $1.3325, range $1.3315-37. Europe open
$1.3325, range $1.3285-1.3329.
* Eur/Gbp: Asia open Gbp0.8871, range Gbp0.8871-80. Europe open Gbp0.8878, range
Gbp0.8878-0.89125.
* Cable recovered off an early NY dip low of $1.3213 to an eventual high of
$1.3324 into Wednesday's close.
* Recovery more on Usd weakness as FOMC Minutes reiterated Fed Yellen comments
that Fed not sure soft inflation transitory.
* Eur/Usd recovery outpaced cable which kept Eur/Gbp buoyed.
* Eur/Jpy was main driver in a Tokyo holiday thinned session, initial dip to
Y131.23 reversed up to Y131.82.
* Cable tracked Eur/Jpy, marked lows of $1.3315 then edged to $1.3337, settled
above $1.3320 ahead of Europe.
* Sterling traded on the defencive in Europe. Eur/Gbp edged to Gbp0.89125 pre
GDP data, as cable eased to $1.3285.
* As expected data allowed cable to nudge back above $1.3300.
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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.