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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 AccessMNI POLITICAL RISK - Trump Tariffs Initiate Talks With Mexico
Cable: Nov10 NY range..............>
STERLING SUMMARY: Cable: Nov10 NY range $1.3157-1.3229. Nov11 Asia open $1.3190
range $1.3108-98.
* Eur/Gbp: NY range Gbp0.8812-47. Asia open Gbp0.8847, range Gbp0.8841-91.
* Cable rallied from a late Europe morning low of $1.3113 to a pre fix high of
$1.3229 then eased off to $1.3190 into close.
* Sterling came under pressure in Asia, dropped back from an early high of
$1.3204 to $1.3108.
* Move cited on Sunday press reports suggesting 40 Conservative MP's ready to
sign no confidence motion in PM May leadership.
* Such a motion would require 48 names and no leadership contender mentioned.
* Cable settled above $1.3120 then edged above $1.3130 ahead of the European
open.
* Eur/Gbp edged to Gbp0.8891 as sterling came under pressure then found support
between Gbp0.8870/75 on pullback.
* UK data light day Monday. Tuesday of more interest. Committee Stage for EU
Withdrawl Bill and CPI data.
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.