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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Friday, December 13
MNI US OPEN - UK Economy Contracts for Second Straight Month
*Dec27 cable open $1.3373, range...>
STERLING SUMMARY: *Dec27 cable open $1.3373, range $1.3368-80. Eur/Gbp open
Gbp0.8866, range Gbp0.8866-68
* Cable opened in Asia toward the upper side of yesterday's $1.3348-$1.3388
range, where consolidation was broadly the theme
*As the cable range would indicate, the Asia session was an uninspiring affair,
with the pound moving a few pips either side of the opening level.
*Eur/gbp opened in Asia at the lower side of yesterday's Gbp0.8866-0.88925
range, where range-trading continues to be the main theme
*Eur/Gbp flat lined during the lacklustre Asia session, with barely a trade
going through the various platforms
*UK Finance loans for Housing provides a modest event risk for the session ahead
To read the full story
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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.