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EQUITIES

Stocks Stronger, But Bounce in US Futures Shallow

MNI EXCLUSIVE

BOC interview

EQUITIES

Estoxx futures spread

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  • Few questions on the GBP bid this morning, but we have not seen a clear new trigger.
  • The Pound is bid across the board and making new highs against the EUR, USD, JPY.
  • Some desks suggest some short cover ahead of the key support at 1.3567.
  • Cable has now gained 1.34% since Tuesday's low, and that's despite Delta variant concerns and NI protocol issues.
  • Resistance in Cable moves down to 1.3774
  • EURGBP is through support and now eye 0.8561 the July 19 low.


Chart source: Bloomberg/MNI