Free Trial

GBPUSD holds in the middle of its.............>

CABLE: GBPUSD holds in the middle of its $1.3204-53 daily range with focus on
today's cabinet meeting at the PM's country residence. Markets expected to
remain on headline watch with the threat of minister resignations or even a
leadership challenge. A break of yesterday's high ($1.3275) can look to
challenge the $1.3300 area. Expect support on approach to $1.3200. EURGBP
comfortably holds above the 200-dma but has so far failed to break the Jul5 high
at Gbp0.8857. 

To read the full story



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.