MNI: PBOC Net Drains CNY135.5 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.0568 Weds; +3.50% Y/Y

CHINA PBOC CONDUCTS CNY61 BLN VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.0568 WEDS VS 7.0709

MNI BRIEF: Fed's Bostic - Economy Moving Ever Closer to Target

MNI BRIEF: Brazil Requires Prudent Monetary Policy - Galipolo

RBNZ SAYS CPI WITHIN TARGET, MOVING TOWARDS 2% MIDPOINT

MNI: RBNZ CUTS OCR 50BP TO 4.75%

Australia Aug Dwelling Approved -6.1%

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Extending losses

GBP
BulletMarketsForeign Exchange BulletsHomepage
  • The British Pound extends further losses, now down 0.70% versus the Dollar and over 120 pips range so far for the session in Cable.
  • The EUR finds a bid, helped by that continuation lower, and market participants will be eyeing a test back to 0.86196, Yesterday's high in EURGBP, while the key area of interest remains up to 0.8645, the April double top peak and the highest level since early January.
70 words

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.
  • The British Pound extends further losses, now down 0.70% versus the Dollar and over 120 pips range so far for the session in Cable.
  • The EUR finds a bid, helped by that continuation lower, and market participants will be eyeing a test back to 0.86196, Yesterday's high in EURGBP, while the key area of interest remains up to 0.8645, the April double top peak and the highest level since early January.