Free Trial

Cable last trades at $1.2730 after............>

CABLE
CABLE: Cable last trades at $1.2730 after advancing 15 pips yesterday as Brexit
headlines continued to dominate price action. Markets largely shrugged off the
release of softer than expected UK services PMI yesterday. 
- Bulls need to retake yesterday's peak at $1.2798 before challenging the Dec
4/Nov 29 highs of $1.2840/50. On the downside, bears eye yesterday's low at
$1.2672 and a break below would shift their focus to the Dec 4 (fresh 2018) low
at $1.2659. 
- UK docket towards the end of the week is rather dry, with BoE's Ramsden and
Broadbent due to speak later today. Focus remains on the ongoing Brexit debate
in the Commons.

To read the full story

Close

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.