Free Trial

Lifts through the mentioned minor.............>

CABLE
MNI (London)
CABLE: Lifts through the mentioned minor resistance area of $1.2970 on release
of stronger than forecast UK IP data (Mfg as expected) to $1.2985, rate
currently trades around $1.2982. Traders had suggested we could see a stronger
release but suggested that if we saw this outcome it might not benefit the pound
for long, suggesting improvement in this sector not enough to offset recent
losses in the Services side of the economy. Rate trades at $1.2978 at posting. 
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.