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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.
GBP
- Cable fades off its lows, after it printed a multi decades low, tested below the 2020 low that was 1.1412 (1.1409 low).
- The 1.1409 print was the lowest since 1985.
- Looking at the chart, a clear break through the 1.1400 handle, would open to 1.1324 1.50 proj of the Jun 16 - Jul 14 - Aug 1 price swing.
- EURGBP tested its highest level since February 2021.
- Resistance is seen further out, towards 0.8811 1.236 proj of the Apr 14 - Jun 15 - Aug 2 price swing.
Chart source: MNI/Bloomberg
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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