Free Trial

GBPUSD tried but failed to breach the $1.30...>

CABLE
CABLE: GBPUSD tried but failed to breach the $1.30 level overnight and has
slowly drifted through Europe to $1.2940. The 38.2% retracement level of
$1.2832-1.3001 provides support at $1.2936, a break opens a deeper correction
towards the 100-dma at $1.2891. Markets again expected to remain headline driven
with traders on the sideline today ahead of the weekend press. Last $1.2942. 

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.