Free Trial
USDCAD TECHS

Finds Support At The 20-Day EMA

US

Late Corporate Credit Update

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

AUDUSD TECHS

Bear Flag

US TSY OPTIONS

BLOCK, 10Y Midcurve Ratio Call Spd

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

*Dec14 cable open $1.3420, range...>

STERLING SUMMARY
STERLING SUMMARY: *Dec14 cable open $1.3420, range $1.3398 to $1.3449. Eur/Gbp
open Gbp0.8822, range Gbp0.87985-0.8825
*Cable opened in Asia toward the upper side of yesterday's $1.3313 to $1.3428
range, where broad-based dollar weakness was the theme amid softer US inflation
data and a perceived dovish Fed hike. Eur/Gbp opened in Asia broadly unchanged
from yesterday's open after holding a Gbp0.8783-0.8836 range
*News that PM May had lost a key Brexit vote in parliament late Wednesday, after
a group of her own MPs rebelled against the party line, pushed the pound down
from $1.3420 to $1.3398. The move proved fleeting, with cable quickly returning
to near $1.3420 and extending the move to $1.3428
*Cable then spiked higher from mid-$1.3420's to $1.3449, traders put the move
down to Eur/Gbp supply and for the balance of the session the pair held a
$1.3430 to $1.3444 range
*After consolidating around Gbp0.8820, a one-off order hit the market driving
the rate down to Gbp0.8798, recoveries were then held to Gbp0.8810
*UK Retail Sales and BoE provide the event risks for the session ahead 

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.