Free Trial

GBP selling in early trading

CABLE

Some GBP selling emerging here, as the British Pound test lows against USD, EUR and JPY.

  • The currency is under performing the most against the Kiwi, down 0.41% on the day, with next support seen at the August low 1.9636. GBPNZD is 1.9730
  • Some attention on BoE speakers today:
  • MPC's Bailey, Ramsden and Vlieghe testify before TSC.
  • BOE's Broadbent keynote speech at CEBRA Annual Meeting
  • BOE's Haldane to chair panel at CEBRA Annual Meeting.
  • Also worth noting the first PMQ at lunch time, after the summer break

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.