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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 was pressed to an extended low of.......>
CABLE: Cable was pressed to an extended low of $1.2888 Wednesday in a mix of
general USD strength and political wobbles concerning Conservative party
leadership. Rate managed to close around $1.2900. PM May's position remained
intact as her party's 1922 Committee ruled by a narrow majority to prevent her
leadership to be challenged, the news boosted sterling and allowed cable to
nudge up to $1.2917, with pullbacks during Asia able to hold above $1.2900.
Early Europe has $1.2900 under pressure as the USD continues to enjoy general
strength, DXY seen settled above 98.00 after Wednesday's break of 97.71-77, but
sterling so far remains resilient, although at weaker levels.
- Cable support remains at $1.2888 ahead of $1.2868 and $1.2850. Resistance
$1.2920, $1.2950/60($1.2962 100-dma, 200-dma).
- UK CBI Trends data due at 1000GMT but market remains on Brexit headline watch.
- US Durable Goods and Weekly Jobless Claims at 1230GMT in focus. Friday US Q1
GDP moving into view.
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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.