Free Trial

Dollar sales helping GBP/USD so far this......>

CABLE
CABLE: Dollar sales helping GBP/USD so far this morning, with GBP/USD now
sitting at the best levels since Dec8. Resistance seen at $1.3492, marking the
76.4% retracement of the $1.3550-1.3300 move, which could slow progress from
here. As is to be expected at this time of year, volumes are likely to be thin
and could get lighter as the day progresses: other UK asset classes will close
early (e.g. LSE closes at 1230GMT today). 
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@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.