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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/Usd: Dec11 close $1.3336,......>
STERLING SUMMARY: Gbp/Usd: Dec11 close $1.3336, Dec12 Asia range $1.3333-54,
Europe $1.3321-80
*Eur-Gbp: Dec11 close Gbp0.8822, Dec12 Asia range Gbp0.8817-27, Europe
Gbp0.8805-45
*Cable opened in Asia toward the lower side of yesterday's $1.3331-$1.3432 range
where sentiment toward Brexit continued to ebb and flow and dictate direction
*Ahead of key-economic data the Asia session was a lacklustre affair, early
slippage to $1.3333 encountered dip buyers around the Dec11 low ($1.3331)
*Cable opened flat in Europe, early dealings were held to a narrow 15 pip range
*Sterling demand emerged with some attributing the move to Gbp/Jpy, cable
cleared the Asia high to $1.3364 but soon faded
*Cable held firm ahead of UK CPI and squeezed to $1.3380 on the strong release
(3.1% Y/Y vs median 3.0), rising crude oil prices was again the main driver
*Pullback off the high quickly pared all gains with sharp slippage extending to
$1.3321 amid light, choppy markets. The cross saw a quick jump to stg0.8845 on
react. Last Gbp0.8833, cable $1.3330.
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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.