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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 AccessGBP remains the strongest among the majors....>
CABLE: GBP remains the strongest among the majors (for the second consecutive
session), with UK cabinet agreeing to back PM May's Brexit plans, it appears the
PM is being spared calls to resign for now. How long this effect lasts may
largely depend on political headlines crossing from the Conservative party
conference due to begin at the tailend of this weekend. GBP/USD, for now,
remains capped by yesterday's $1.3167 highs before any attempt can be made to
recover back above the $1.32 mark and last week's best levels of $1.3298. A
break above the 3% upper Bollinger Band would signal a bout of bullish momentum,
currently sitting at $1.3361.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.