Free Trial

GBP's pullback really beginning to pick-up....>

CABLE
CABLE: GBP's pullback really beginning to pick-up pace headed into the WMR fix,
with GBP/USD breaking comfortably back below the $1.30 mark and through the
Friday lows. Moves prompted by another general bout of risk-off, with the USD
gaining against most others (also helping press the likes of AUD to session lows
also). Any fall further may run into touted support at the May 9 low at $1.2968
and the lower 1.0% 10-dma envelope at $1.2916.

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.