Free Trial

Having topped out at $1.3080, GBPUSD..........>

CABLE
CABLE: Having topped out at $1.3080, GBPUSD extends the downtrend and has
largely pared all European morning gains. A break of the Asia low ($1.3039)
opens cloud base support & the 38.2% retracement of $1.2866-1.3102 at
$1.3026/12.
- Focus turns to the BoE rate decision, press conference & inflation report. The
MPC will likely hold 9-0 again, but there has been speculation about the
possibility of a hawkish dissenter among the committee (see MNI Analysis email -
Hawkish Dissenter Possible Apr 29). There will likely be upgrades to CPI & GDP
in the inflation report.

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.