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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 Commodity Weekly: Oil Markets Assess Trump Impact
MNI Gas Weekly: Winter Weather Takes the Driver's Seat
Cable: Asia open $1.3480, range....>
STERLING SUMMARY: Cable: Asia open $1.3480, range $1.3462-82. Europe open
$1.3470, range $1.3370-1.3470
* Eur/Gbp: Asia open Gbp0.8803, range Gbp0.8811-0.88195. Europe open Gbp0.8810,
range Gbp0.8810-68.
* Brexit talks derailed by DUP concerns saw cable drop back from $1.3538 to
$1.3415 then settled around $1.3475 into close.
* Cable consolidated through the Asian session within $1.3462/82.
* Sterling came under fresh downside pressure in Europe, rate broke below
Monday's low of $1.3415 but met support ahead of $1.3400.
* Scotland Sturgeon comment on Brexit talks saw cable drop to $1.3371 as Eur/Gbp
jumped to Gbp0.8868.
* Suggestions PM May would meet the DUP, looking to return to Brussels
Wednesday, allowed a sterling recovery.
* Cable edged back above $1.3420 while Eur/Gbp, feeling the weight from a Eur
sell off, eased to Gbp0.8827.
* Market remains on Brexit headline watch.
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.