Free Trial

GBP weakness persists at the NY............>

STERLING
STERLING: GBP weakness persists at the NY crossover, with GBP/USD printing fresh
lows at $1.3232 as markets continue to eye further internal resistance to (and
the likely failure) of any potential Meaningful Vote 3 tabled this week. The
100-wma may provide some support from here, kicking in at $1.3221 ahead of the
Mar15 low at $1.3203. There's relatively little option interest in the pair at
the 10am NY cut today (1400GMT), with just Gbp343mln rolling off at $1.3175 and
Gbp342mln rolling off at $1.3150.

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.