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Why MNI
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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 China Daily Summary: Monday, November 25
Hugs Gbp0.9000 Early Europe. EU Barnier in Focus.
- GBP/USD demand at early Tuesday fixes outpaced EUR/USD gains and allowed EUR/GBP to extend away from the Gbp0.9000 area to touch its key technical 10-dma (current Gbp0.8939)
- The 10-dma contained before the cross bounced back on general EUR strength, touched Gbp0.9007 then dropped to Gbp0.8961 at the 1600GMT fix.
- The stronger close in EUR/USD saw the cross edge back to Gbp0.8995 into the close.
- Trade in Asia found an early base at Gbp0.8985 before EUR strength lift rate to settle around Gbp0.9000 through to the Europe open.
- GBP has picked up some demand interest in early Europe, cushioned an opening dip in GBP/USD, the cross so far respecting the Asian range.
- Whilst rate holds above its 10-dma seen keeping the underlying tone buoyant. A clear above Gbp0.9000 to expose the top of the 1.0% 10-dma envelope, currently at Gbp0.9029.
- Brexit trade negotiations continue in focus for GBP direction. EU Barnier to address EU leaders this morning though some reservation about possible EU concessions.
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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.