Free Trial

Despite earlier hawkish remarks from BOE......>

CABLE
CABLE: Despite earlier hawkish remarks from BOE Governor Carney that the Q1
slowdown was temporary, Brexit headlines continue to dictate price action. (See
POV - BREXIT RISK POINTS TO FURTHER GBP DOWNSIDE). The comments from Germany
that said PM May's Brexit workaround plan as 'unworkable' wiped out European
morning gains to print fresh intraday lows of $1.3205. Focus turns to tomorrow's
cabinet meeting at the PM's country residence, markets will remain on headline
watch with the threat of minister resignations or even a leadership challenge.
GBPUSD recovery efforts hold shallow, a break of $1.32 could trigger renewed
momentum. GBPUSD last $1.3218.

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.