Free Trial

Extended intraday lows back to Friday's pre...>

CABLE
MNI (London)
CABLE: Extended intraday lows back to Friday's pre end month fix low of $1.3350
but has bounced back to currently trade around $1.3362. Rate saw a high of
$1.3425 at Friday's fix before rate pared those gains through Asia and into
Europe. Moves seen Eur/Usd led as Eur/Gbp holds a heavy tone, trading toward the
Gbp0.8800 level. A break of $1.3350 to expose reported model demand between
$1.3345/40.
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.