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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: Dec15 NY range..............>
STERLING SUMMARY: Cable: Dec15 NY range $1.3300-97. Dec18 Asia open $1.3327,
range $1.3310-40. Europe open $1.3340.
* Eur/Gbp: NY range Gbp0.8808-60. Asia open Gbp0.8823, range Gbp0.8818-21.
Europe open Gbp0.8816.
* Usd closed off last week with a firm tone, cable pressed to a low of $1.3300
before it recovered to $1.3330 ahead of close.
* Cable's recovery continued in Asia, off a posted low of $1.3310with rate
edging onto $1.3348 into early Europe.
* Move saw Eur/Gbp sit back on its Asian low, albeit rate had been contained
within a very narrow range.
* Sunday press provided no sterling negatives, in fact were seen supporting of
PM May in her efforts.
* Market has basically ignored the Brexit warnings on trade from EU Barnier,
though these negotiations expected to be tough.
* UK CBI Trends at 1100GMT provides domestic data interest.
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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.