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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Tuesday, November 26
MNI BRiEF: Riksbank Puts Neutral Rate In 1.5 To 3.0% Range
Modest GBP strength on the back of the.....>
STERLING: Modest GBP strength on the back of the BBG sources headlines re:
Labour & SNP looking at a late October election have pared.
- Cable last unch. at $1.2335, a move through yesterday's high ($1.2354) would
have bulls looking to the July 17 low at $1.2382, while bears need a break back
below the 50-DMA ($1.2302 today) to reignite the downside impetus.
- EUR/GBP is little changed, sitting just below GBP0.8950. Bears need a
convincing break below the nearby July 26 low at GBP0.8946 to open the way to
the 50% retracement of the May 6 - Aug 12 rally/Jul 25 low at GBP0.8908/8892.
Bulls need to reclaim GBP0.9000 to allow them to set their sights on GBP0.9086,
the Sep 4 high.
- Political developments remain front and centre ahead of the parliamentary
suspension, which is set to go into effect next week.
To read the full story
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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.