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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 was subject to thinner liquidity on.......>
CABLE: GBP was subject to thinner liquidity on Monday owing to the UK Bank
Holiday, benefitting from the broader USD weakness and paying little attention
to the latest round of Brexit related headlines from over the weekend.
- Cable topped Friday's high on Monday, last dealing at $1.2900. Bulls now look
to the Aug 22 high ($1.2936) ahead of the Jul 19 low ($1.2958). A close above
here would suggest a solid base is forming. Bears look for a break below $1.2800
to target $1.2750 followed by the Aug 15 low ($1.2662).
- There is little in the way of tier 1 UK data this week so focus is likely to
fall on Brexit/political developments.
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.