Free Trial

Minor pullback to $1.3955 encountered fresh...>

CABLE: Minor pullback to $1.3955 encountered fresh dip buyers, GBP remains
elevated and sits just off its best levels of the day, last $1.3965. Next
resistance at $1.3987 (2.0% envelope 10-dma), expect supply behind on approach
to $1.4000. Eur/Gbp touched 5-week lows of Gbp0.8769 opening Gbp0.8757/46 (1.0%
envelope 10-dma, 76.4% Gbp0.8690-0.8928). 

To read the full story


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.