Free Trial

Having touched a high of $1.2380 in early.....>

CABLE
MNI (London)
CABLE: Having touched a high of $1.2380 in early Europe the rate has now
reversed as appears to be attracted back toward the $1.2300 level. As mentioned
in earlier bullets, the $1.2300 level holds the strike of Gbp1.86bln expiries
for today's NY cut, Gbp1.1bln of which are Gbp calls, Gbp735mln Gbp puts. Rate
currently trades around $1.2315, just off recently posted lows of $1.2308. 
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.