Free Trial

Cable: Sep11 NY range..............>

STERLING SUMMARY
MNI (London)
STERLING SUMMARY: Cable: Sep11 NY range $1.3161-1.3222. Sep12 Asia open $1.3166,
range $1.3160-82. Current $1.3175(0447GMT)
* Eur/Gbp: NY range Gbp0.90755-0.90935. Asia open Gbp0.9080, range Gbp0.9071-83,
current Gbp0.9074(0450GMT)
* Cable recovered Monday to $1.3222, just shy of its Friday high of $1.3223 then
eased off to $1.3161.
* Usd corrected pre weekend losses with the Eur and Jpy seen under main
pressure.
* Pressure on Eur/Usd allowed Eur/Gbp to extend recent corrective pullback to
Gbp0.90755 in NY, Asia extended move to Gbp0.9071.
* Gbp/Jpy survived an early dip to Y143.91 in Asia before it settled above
Y144.00 through the balance of the session.
* Cable touched an early recovery high of $1.3178 in Asia, dipped to retest
$1.3161 then bounced to $1.3182.
* UK CPI at 0830GMT (market median 0.5%mm, 2.8%yy; core 0.5%mm, 2.5%yy). UK Jobs
data Wednesday, BOE MPC Thursday.  
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.