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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: PBOC Net Drains CNY216 Bln via OMO Monday
*Dec21 cable open $1.3375, range...>
STERLING SUMMARY: *Dec21 cable open $1.3375, range $1.3355 to $1.3575. Eur/Gbp
open 0.8877, range Gbp0.8877 to Gbp0.8889
*Cable opened in Asia on the low side of yesterday's $1.3372 to $1.3420 range,
where the pound was pressured a little lower late in the piece on news that UK
Deputy Prime Minister Damian Green had resigned
*The soft close in New York encouraged further selling and with weaker UK Dec
GfK Consumer Confidence data, cable edged from $1.3375 to $1.3355. Recoveries
were held to $1.3370 and for the balance of the session the rate edged lower to
$1.3360
*Eur/gbp opened at the upper side of yesterday's Gbp0.88285 to Gbp0.8879 range,
the move extended to Gbp0.8889 before finding resistance near the daily cloud
base at Gbp0.8893.
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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.