Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
CABLE: Cable's four day rally came to an abrupt end yesterday following the FOMC
press conference. GBPUSD briefly traded above $1.31 for the first time since
mid-April, before Fed Chair Powell remarks on technical revisions and patient
stance, pared gains. Rate touched pullback lows of $1.3038, before recovering
into the close.
- A quiet Asia session spilled over into Europe with GBPUSD consolidating either
side of $1.3050.
- Bulls look to recover $1.31 to reignite topside momentum, targeting the 50%
fibo of $1.3381-1.2866 & Apr 12 high at $1.3124/33.
- Busy schedule on the calendar today with the BoE rate decision, press
conference & inflation report the main focus. The MPC will likely hold 9-0
again, but there has been specualtion about the possibility of a hawkish
dissenter among the committee (see MNI Analysis email - Hawkish Dissenter
Possible Apr 29). There will likely be upgrades to CPI & GDP in the inflation
report. Construction PMI is also due at 0830GMT.