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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: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
GBP on the defensive ahead of Commons votes...>
FOREX: GBP on the defensive ahead of Commons votes
-While today's price action has been far more muted than sessions earlier this
week, GBP is on the defensive after a volatile Wednesday as markets shy away
from the currency ahead of a series of Commons votes on Brexit due this evening.
GBP weakness was also cemented by comments from BoE's Vlieghe, who stated that
easing or a long pause for policy is likely in a 'no deal' Brexit scenario.
GBP/USD retreated below $1.2850 this morning and remains below that mark ahead
of the NY crossover.
-The USD also trades slightly weaker after a particularly strong Wednesday
session as markets take profit on the move. This isn't evident in NZD, however,
which adds to recent gains and is again the strongest performer in G10. NZD/USD
closed above the 50-dma yesterday, putting bulls on track to test February highs
at $0.6942.
-US PPI, retail sales and weekly jobless claims are the calendar highlights,
with a speech from Fed's Harker also due.
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.