CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GBP/USD last deals at $1.2508, a touch........>

CABLE
CABLE: GBP/USD last deals at $1.2508, a touch higher on the day.
- Friday saw the pair slide 47 pips, as a clarification to an earlier speech
from Fed's Williams and a WSJ piece downplaying the possibility of a 50bps rate
cut at the next FOMC meeting put a bid into USD.
- A dip below the $1.2500 figure would see the rate heading towards the key
trendline support at $1.2466. On the topside, the initial focus falls on $1.2556
& $1.2558, the highs of last Friday & Thursday respectively. A jump above would
bring the Jul 15 high of $1.2582 into view.
- According to the Times, some EU countries have approached Boris Johnson's team
in a bid to avoid a no-deal Brexit. The Times also reported that the EU prepares
a multi-billion aid package for Ireland to cushion the damage from a no-deal.
- UK C'llr Hammond said that he will step down if Boris Johnson becomes the next
PM as he would be unable to accept a no-deal scenario as a possibility.
- UK focus this week turns to the leadership transition at the Tory party & No.
10. The result of the party's internal election will be announced on Tuesday and
PM May will officially resign the following day.
MarketsForeign Exchange Bullets
MarketsForeign Exchange Bullets

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.