Free Trial

GBPUSD continues to form a symmetrical........>

CABLE
CABLE: GBPUSD continues to form a symmetrical triangle with the top at $1.3109
so far proving hard to overcome. Rate breaks the narrow range to the downside,
touching pullback lows of $1.3075. This brings the Apr 12 & Apr 10 lows into
view at $1.3051/41, ahead of triangle base support around the $1.30 level. 
- UK Labour Market report takes focus today at 0830GMT. ILO unemployment rate in
the UK as well as average weekly earnings 3m/3m y/y are expected to remain at
February's levels of 3.9% and 3.4%, respectively. March's reading of average
weekly earnings including bonus is anticipated to increase to 3.5% 3m/3m y/y
from 3.4% in February.

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.