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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.
GBP
- Today and yesterday’s lows around 0.8335 match closely with 0.8333 which when flipped around is 1.2000 in GBP/EUR.
- Following a decent intra-day bounce to highs of 0.83725, the pair has reversed and is hovering just above the most recent lows.
- While a psychologically significant pivot point, corporates have in the past had layered interest ahead of and at this GBP/EUR level – bolstering the potential short-term support and medium-term implications of a break below.
- For reference, there has been just one weekly close below this level since mid-2016 and therefore should be closely monitored in the upcoming trading sessions.
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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