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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: Oct11 NY range..............>
STERLING SUMMARY: Cable: Oct11 NY range $1.3175-1.3236. Oct12 Asia open $1.3223,
range $1.3220-65. Europe open $1.3260.
* Eur/Gbp: NY range Gbp0.8959-88. Asia open Gbp0.8968, range Gbp0.8954-70.
Europe open Gbp0.8957.
* Cable recovered off an early NY low of $1.3175, through the fix and FOMC
Minutes to $1.3236. Closed around $1.3225.
* Rally overtook Eur/Usd, allowed Eur/Gbp to ease from a post fix high of
Gbp0.8988 to Gbp0.8959, closed around Gbp0.8970.
* Cable touched an early Asia low of $1.3220 then recovered, picked up momentum
into Tokyo as rate edged to $1.3265.
* Pullback to $1.3240 before rate edged back to $1.3260 into Europe. Eur/Gbp
drifted off to Gbp0.8954.
* Move up in cable seen mainly Usd driven following release of FOMC Minutes.
* FOMC Minutes seen supporting a Dec rate hike though emphasized importance of
inflation data going forward(Fri US CPI).
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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.