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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI Commodity Weekly: Oil Markets Assess Trump Impact
MNI Gas Weekly: Winter Weather Takes the Driver's Seat
EUR/USD month-end sales Friday weighed on.....>
CABLE: EUR/USD month-end sales Friday weighed on cable, taking rate down to
$1.2139, though part of this pressure was diverted by slippage in EUR/GBP. Cable
managed to recover to $1.2164 into the close. Rate came under fresh pressure in
opening Asian trade as market reacted to weekend comments. Alain Carrier,
European boss of Canada Pension Plan Investment Board, said he was "very
cautious" about investing in the UK, warned Britain risks losing its reputation
as a safe haven for investment. PM Johnson issued an ultimatum to rebel Tory MPs
that they will be expelled if they try to stop no-deal Brexit. Cable was pressed
back to Friday's low, touching $1.2138 before recovering to hold around $1.2160
into Europe.
- UK Markit Mfg PMI released at 0830GMT. Market median is for 48.8 vs July 48.0,
the expected improvement reflecting a fading of negative effects of stock piling
seen in recent releases. Key Services PMI data due Wednesday.
- UK Parliament returns from its Summer recess Tuesday bringing to the fore the
no-deal Brexit debate.
- BOE MPC Tenreyro speaks Thursday.
To read the full story
Sign up now for free trial access to this content.
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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.