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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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Free AccessCable has edged higher and last trades at.....>
CABLE: Cable has edged higher and last trades at $1.2156. Bulls target the
trendline support-turned-resistance/21-DMA at $1.2203/04, while bears would be
pleased by a fall below the 200-HMA, which comes in at $1.2103.
- This comes after sterling topped the G10 pile on Friday, with cable advancing
61 pips on the day, as investors weighed recent reports re: UK opposition
parties trying to form a united front against a no-deal Brexit.
- Citing a leaked study from the Cabinet Office, the Sunday Times reported that
UK gov't expects fuel, food and medicine shortages, should a disorderly
departure from the EU come to fruition. Senior cabinet member Michael Gove
downplayed the report, saying it refers to the worst-case scenario, while
preparations for a no-deal Brexit have intensified since the study was compiled.
- UK PM Johnson will tour European capitals this week, with meetings scheduled
with German Cll'r merkel & French Pres Macron. During his first overseas trip
since moving into No. 10, Johson is exp. to reiterate that the EU has to reopen
negotiations on the divorce accord or face a no-deal Brexit.
- UK public finances data is due on Wednesday.
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.