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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 last trades flattish at $1.2079 after...>
CABLE: Cable last trades flattish at $1.2079 after adding 43 pips yesterday.
After edging lower from the off yesterday, the rate advanced through London
hours. It had a brief look above $1.2100, but after failing to make much headway
beyond there it eased off from highs.
- Bears target yesterday's multi-year low of $1.2015, bulls eye $1.2100.
- U.S. National Security Advisor Bolton visited London yesterday, expressing
support for a "successful exit from the EU on Oct 31" and offering the UK
sector-by-sector post-Brexit trade deals.
- BBG reported that the UK gov't doesn't exp. Brussels to soften its stance for
at least a month, as it will watch the MPs' attempts to prevent a disorderly
divorce. An unnamed cabinet minister told the Sun that PM Johnson thinks the EU
will make a new Brexit deal w/ him to avoid disastrous consequences for Ireland.
Elsewhere, per the Telegraph, 54% of polled UK adults said that if needed, PM
Johnson should prorogue parliament to force a no-deal Brexit.
- UK labour mkt report will be published today. Inflation data hits on
Wednesday, while retail sales come out on Thursday.
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.