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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 ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Cable felt the weight from the downside.......>
CABLE: Cable felt the weight from the downside pressure on EUR/USD, the break
below $1.3450 provided the momentum to take rate to a fresh 2018 low of $1.3427.
Some linked this move to reaction to a Sunday Times story that some Tory MPs are
preparing for a snap autumn general election as they fear that Brexit deadlock
will become insurmountable for PM Theresa May. Recovery efforts have so far been
capped below $1.3440, the rate seen needing to edge back above $1.3450 to
relieve some of the current bearish pressure. Little in the way of data Monday
(Whit Monday holidays in some European centres) with attention on UK
CPI(Wednesday), UK Retail Sales (Thursday), and the second estimate of Q2 GDP
Friday. Brexit will no doubt be the focus at Westminster in the early part of
the week, before Parliament rises for the Whitsun recess on Thursday. Support
$1.3427, $1.3410/00. Resistance $1.3480/85, $1.3520/30 with stronger interest
suggested into the 200-dma at $1.3564.
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.