Free Trial

Drops with apparent ease through reported.....>

CABLE
MNI (London)
CABLE: Drops with apparent ease through reported tech support at $1.3382 as
sterling remains under early pressure (Labour run on the pound come early?).
Rate extends slippage to $1.3365 as Eur/Gbp edges to Gbp0.8799, meeting
resistance into Gbp0.8800 which is seen providing some respite. Cable currently
trades around $1.3374, cross around Gbp0.8795. Next cable support seen at
$1.3350/40. 
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.