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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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Cable: Aug15 NY range..............>
STERLING SUMMARY: Cable: Aug15 NY range $1.2846-88. Aug16 Asia open $1.2867,
range $1.2860-73.
* Eur/Gbp: NY range Gbp0.9094-0.91325. Asia open Gbp0.9125, range Gbp0.9120-25.
* Sterling came under further pressure Tuesday as the pound felt initial weight
from risk appetite dollar demand.
* Softer than forecast UK CPI, then strong US Retail Sales acted to press cable
to a low of $1.2846.
* Buyers emerged into the dip around $1.2850, edged rate back to $1.2875, closed
around $1.2870.
* Eur/Gbp bounced back from a low of Gbp0.90525 to Gbp0.91325, dipped to
Gbp0.9092, closed at Gbp0.9120.
* Another session of consolidation in Asia, cable held by $1.2860-73,
Eur/Gbp0.9120-25.
* UK Employment Report at 0830GMT provides domestic focus.
* Cable support $1.2850/45, $1.2812(Jul12 low). Resistance $1.2890/00.
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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.