Free Trial

Failure to consolidate above $1.3000 in.......>

CABLE
CABLE: Failure to consolidate above $1.3000 in early Europe has seen renewed
selling emerge with a move to $1.2964. GBPUSD continues to pare Asia gains with
near-term support at $1.2955 from the intraday low, a break opens $1.2944/40
(Pullback low off $1.3047/Hourly low Nov13). GBPJPY dips back under Y148.00 to
Y147.63, support at Y147.46/25 from the Asia low & 200-dma. EURGBP briefly makes
a show above Gbp0.8700. Brexit headlines once again expected to dictate price
action today.  

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.