Free Trial

GBP benefiting from the improved risk tone....>

CABLE
CABLE: GBP benefiting from the improved risk tone amid a broadly weaker USD
touched 5-week highs of $1.3080, before fading. Immediate focus turns to the UK
Employment Report for July at 0830GMT. This comes after yesterday's strong July
GDP reading. The unemployment rate of 4.0% from June is expected to remain
unchanged in July. Average weekly earnings are expected to remain unchanged from
2.4% 3M y/y in June, however stripping out bonuses sees core earnings expected
to pick up from 2.7% in June to 2.8% in July, again on a 3M y/y basis. GBPUSD
last $1.3065.

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.