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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Cable: Sep12 NY range..............>
STERLING SUMMARY: Cable: Sep12 NY range $1.3228-1.3300. Sep13 Asia open $1.3281,
range $1.3275-1.3315. Current $1.3310(0450GMT)
* Eur/Gbp: NY range Gbp0.8985-0.9031. Asia open Gbp0.90055, range
Gbp0.89995-0.9011. Current Gbp0.9003(0454GMT)
* Stronger than forecast UK Inflation data Tuesday boosted suggestions for a
more hawkish leaning for Thursday's BOE Minutes.
* Cable extended its recent recovery rally to $1.3300 in NY, overcoming a brief
Mnuchin US tax reform blip.
* Eur/Gbp dropped below Gbp0.9000 on data react, touched Gbp0.8982 before
recovery to Gbp0.9031.
* Cross eased back to settle around Gbp0.900 into the close.
* Cable eased to $1.3280 ahead of close before Asia further extended rally to
$1.3315, the rate held firm into Europe.
* UK Jobs Report at 0830GMT though main domestic focus remains on Thursday's BOE
meeting.
* Cable resistance $1.3315/20, $1.3350/60. Support $1.3275/65, $1.3250.
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.