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Policy
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G10 Markets
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Real-time insight on key fixed income and fx markets.
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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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 AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
GBP: Weakness Accelerates on Step Through Fib Level, EUR/GBP Nears 50-dma
- Downleg in GBP/USD extends further in recent trade, with 1.2850 support giving way as well as the more notable 50% retracement of the July upleg at 1.2830.
- Move initially triggered by the USD buying phase and modest risk-off evident in equity futures, but GBP is now underperforming against all others in G10 - with demand for EUR/GBP putting the cross just a few pips below the 50-dma of 0.8461. Clearance here would be the first since early May.
- GBP may be more pre-disposed to S/T positioning clearouts given the sizeable net long position detailed in Friday's CFTC report - outright positioning rose further, hitting +142k and, once again, the largest net long in the series (more on this later).
- As noted above, focus on this week's BoE meeting is preceded by Chancellor Reeves' statement on public finances later today, making for a likely volatile week in the currency.
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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.