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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 Narrows in on More Notable Support
- To touch on GBP again, the latest sell-off in GBP/USD aided by another uptick in activity and volumes, with cumulative daily volumes now above average for this time of day thanks to pick-up in selling from ~1245 London time.
- Spot has now eased well through support at 1.2680 and is narrowing in on more notable downside levels at 1.2651 and 2539, the 20- and 50-day EMA values respectively.
- Move in the currency mirrors the retreat in BoE-dated OIS terminal pricing, which now sits closer to 6.20% in policy rate terms after flirting with 6.30% earlier today.
- BoE's Bailey in focus - speaking in just under 90 minutes team alongside the heads of ECB, Fed and BoJ.
To read the full story
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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.