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Free AccessCable: Aug24 NY range..............>
STERLING SUMMARY: Cable: Aug24 NY range $1.2791-1.2837. Aug25 Asia open $1.2804,
range $1.2797-1.2810. Current $1.2807(0449GMT)
* Eur/Gbp: NY range Gbp0.9197-0.9231. Asia open Gbp0.9210, range
Gbp0.92045-0.9220. Current Gbp0.9210(0453GMT)
* Cable recovery off low of $1.2774 Thursday touched a high of $1.2837 in early
NY before it settled around $1.2800 into close.
* Cable slowly edged higher through Asia from an early low of $1.2797 to
$1.2810. Held firm into Europe.
* Eur/Gbp managed to extend its corrective pullback from Wednesday high of
Gbp0.92365 to Gbp0.9189 Thursday.
* Cross pared losses in NY, edged to Gbp0.9231 then settled around Gbp0.9220
into close.
* Rate touched an early high of Gbp0.9222 in Asia then extended easing to
Gbp0.9205 before it settled around Gbp0.9210 into Europe.
* Asian trade described as subdued ahead of this afternoon's Jackson Hole
appearances by Fed Yellen and ECB Draghi.
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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.