Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- Political RiskPolitical Risk
Intelligence on key political and geopolitical events around the world.
- About Us
CABLE: Hopes that the EU and UK were nudging closer to a negotiated Brexit deal
eased through Friday afternoon trade, with optimism that weekend talks could
resolve issues, ahead of Tuesday's March12 meaningful vote, fading. No side
reportedly wants to be seen taking any blame if situation leads to a No-Deal
scenario (would be damaging to both the UK and the EU). Sterling came under
pressure with cable making a show under $1.3000 to $1.2990 with recovery efforts
so far remaining very shallow. Rate currently trades around $1.3000. Rate looks
set to close back below its 50-wma ($1.3132), having closed last Friday above.
The 200-dma currently comes through at $1.2986 and seen providing some support,
a break to expose $1.2950. Resistance seen at $1.3050 ahead of $1.3090-1.3100.