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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessGbp/Usd: Dec8 close $1.3385,.......>
STERLING SUMMARY: Gbp/Usd: Dec8 close $1.3385, Dec11 Asia range $1.3352-1.3415,
Europe $1.3362-1.3431
*Eur-Gbp: Dec8 close Gbp0.8785, Dec11 Asia range Gbp0.8777-0.8810, Europe
Gbp0.8773-0.8828
*Weekend press reports had suggested the Brexit divorce bill from the EU could
climb from Friday's projected E40-45bn
*Brexit Secretary David Davis was also in the news after he said the deal was
more of a statement of intent than a binding agreement
*After a quiet start in Asia, cable lifted to $1.3403, Gbp/Jpy demand was the
reported catalyst with talk of demand from Japanese life companies
*Stg momentum continued into Europe, the break of $1.3410/15 triggered fresh
demand interest to $1.3431 before fading
*Rate was quick to pare gains, slippage back under $1.3400 extended to $1.3362
with added weight via Eur/Gbp
*The cross reclaimed Gbp0.8800 and continued to drive higher, eventually topping
out at Gbp0.8828.
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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.