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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.
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Free AccessMNI: PBOC Net Drains CNY216 Bln via OMO Monday
GBP extended its pullback from yesterday's....>
FOREX: GBP extended its pullback from yesterday's best levels registered after
the Commons passed the amended, non-binding motion to reject a no-deal Brexit.
Cable had slid through the $1.3300 mark before consolidating below the figure,
and last hovers just above $1.3250. Focus returns to the British House of
Commons, with the House set to vote on the proposal to ask the EU for an
extension to Article 50 later today.
- USD outperformed its G10 peers, with EUR & CHF closely behind, while JPY was
pressured by an uptick in the Nikkei 225, even as the index ebbed off of highs.
- A batch of Chinese activity data came and went without much impact on the FX
space, as most figures broadly met forecasts; industrial output & unemployment
provided some disappointment, while property investment topped exp. China's NBS
suggested that consumption will continue to improve in March and was quick to
point to seasonal effects owing to the LNY.
- Focus today turns to Swedish unemployment, as well as French & German CPI
data. Elsewhere, ECB's Visco, Riksbank Dep Gov Ohlsson & BoC Snr Dep Gov Wilkins
are all due to speak.
To read the full story
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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.