Free Trial

Cable: Nov7 NY range $1.3109-70....>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Nov7 NY range $1.3109-70. Nov8 Asia open $1.3166, range
$1.3162-76. Europe open $1.3165
* Eur/Gbp: NY range Gbp0.8792-0.8834. Asia open Gbp0.8800, range
Gbp0.8799-0.8810. Europe open Gbp0.8808
* Cable finished Tuesday's session basically flat after recovering from a low of
$1.3109, closed at $1.3167. 
* Initial recovery lagged behind Eur/Usd's recovery which saw Eur/Gbp spike to
Gbp0.8834, off an earlier low of Gbp0.8792. 
* Cross eased back and settled on Gbp0.8800 during the NY afternoon.
* Another session of consolidation in Asia, cable settled between $1.3168-76
most of the day, eased to $1.3160 into Europe. 
* Eur/Gbp touched a low of Gbp0.8799 at Asia open then edged to Gbp0.8810 into
Europe. 
* Early Usd demand into Europe saw rate ease to $1.3147.
* BOE Agents Summary of Business Conditions 0930GMT. BOE Kohn 1150GMT, BOE
Carney 1835GMT. 
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.