Free Trial

Gets squeezed down to $1.3125 support.........>

CABLE
MNI (London)
CABLE: Gets squeezed down to $1.3125 support (38.2% $1.3040-1.3178 ) as early NY
hunt for stops below the earlier base of $1.3138. Rate had been restricted to a
fairly tight range between $1.3138-60 through the European morning, said to be
anchored close to a decent sized option expiry at $1.3150 for today's NY
cut(Gbp829mn). Move lower in cable also saw Eur/Gbp ease away from its traded
low of Gbp0.8792 to currently trade around Gbp0.8810. Expect that expiry to
continue to attract ahead of the run off.   
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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.