Free Trial

Decent demand in sterling as cable pushes.....>

CABLE
MNI (London)
CABLE: Decent demand in sterling as cable pushes back up to $1.2380, but again
seen meeting resistance in the mentioned $1.2375-85 resistance area. A break
above this area expected to expose the $1.2400 level, a move above likely to
accelerate further demand interest. As mentioned earlier $1.2300 has Gbp1.86bln
of expiry interest for today's NY cut, Gbp1.1bln of which is Gbp calls. $1.2500
holds the strike for Gbp984mln Gbp calls. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

To read the full story

Close

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.