Free Trial

Cable: Nov29 NY range..............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Nov29 NY range $1.3373-1.3449. Nov30 Asia open $1.3409,
range $1.3406-80.
* Eur/Gbp: NY range Gbp0.8818-60. Asia open Gbp0.8835, range Gbp0.8804-0.88375.
* Sterling continued to gain benefit from positive Brexit comment through
Wednesday and in Asia Thursday.
* Cable extended further its recovery from Tuesday's low of $1.3221 to $1.3349
in NY before closing at $1.3406 Wednesday.
* Sterling gained a fresh boost in Asia on reaction to a Times report suggesting
progress made on the Ireland border.
* Cable pushed on to $1.3480 in Asia with pullbacks restricted to $1.3465. 
* Last day of the month and bank models suggest cable demand to be seen at the
fixes. Chance of counter Eur/Gbp demand.
* Eur/Gbp extended its corrective pullback to Gbp0.8804 in Asia while Gbp/Jpy
has made a show above Y151.00. 
* Nationwide HPI 0700GMT provides domestic focus along with Brexit developments.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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.