Trial now
BRENT TECHS

(Z1) Needle Still Points North

EQUITY TECHS

E-MINI S&P (Z1): Fresh All-Time High

USDCAD TECHS

Still In A Bear Cycle

CABLE
MNI (London)
CABLE: Despite the recent dovish comments from some of the members of the BOE
MPC, 'supported' in part by recently released UK data, sterling has managed to
ride out these headwinds and advanced. Traders have suggested that if the BOE
cuts in January it would be seen as a 'one and done', looking for the UK economy
to pick up after the Mar11 Budget. Cable extended its recovery, off its posted
YTD low of $1.2955(Jan14), to $1.3083 Thursday through the 1600GMT WMR fix, with
early Europe Friday extending the move to $1.3090. UK Dec Retail Sales at
0930GMT provides the domestic data interest, market median ex-petrol 0.8%mm,
3.0%yy; Incl. petrol 0.6%mm, 2.7%yy. UK Flash PMI's seen key for rate direction
Jan24.
- Support $1.3064(Int.Day low), $1.3035/25, $1.3000. Resistance $1.3090-1.3100,
$1.3120/25, $1.3150.   
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com