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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Gilt and GBP
- The Pound remains on the front foot, as Gilts collapsed on the open. The Pound is in the green against all G10, besides the AUD, following the higher than expected overnight hike from Australia, but moves for the latter have been limited.
- As noted on Friday, a quarter of the Bloomberg economists rate calls, were going for a 40bps hike.
- Resistance for Cable is seen further out, to 1.2614 High Apr 29.
- Gilt support is at 117.22, the 22nd April low, and the yield printed a 2.033% high on that day, highest Yield since November 2015.
- Today, reference 117.48, 2.033%, would equate to 117.24.
- Further out, 2.10% = 116.59
To read the full story
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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.