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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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Free AccessGBP/USD unchanged in early Asia dealing,......>
CABLE: GBP/USD unchanged in early Asia dealing, last $1.2788, as cable sticks to
a tight range.
- Little in the way of developments in Brexit matters in Wednesday's UK press as
of yet. Some focus on a swing for support of UK PM May in the latest
YouGov/Times poll, although this isn't expected to be a GBP mover.
- UK PM May set to meet with EU's Juncker Wednesday, with the EU showing little
signs of budging re: the draft Brexit deal, and Brexiteers seemingly softening
their stance over the last 48 hours or so, with talk that any triggering of a
confidence vote in PM May could be delayed.
- Various BoE MPC members, including Carney, offered little new in their Tsy
select hearing Tuesday.
- Recovery efforts have lacked impulse, capped around the $1.2880 level,
suggesting that the bearish trend remains intact. Thursday's low of $1.2724
remains the focus as does up trendline support from the Aug lows at $1.2704.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.