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: Month-end EUR/GBP demand provided some counter to recent sterling
buoyancy, the buying able to edge the cross from Gbp0.8538 to a high of
Gbp0.8586. The move had pressed cable back to $1.3273 as it further extended its
corrective pullback away from Wednesday's high of $1.3350. As cross demand faded
so sterling recouped losses which allowed cable to edge back to $1.3319 ahead of
NY. Release of stronger than forecast US GDP, followed by strong Chicago PMI,
provided a general boost to the USD and pressed cable to $1.3264. Rate recovered
again, this time influenced by the 1600GMT (USD sales were expected), touched
$1.3316 before it fell to a fresh intraday low of $1.3254 after the Europe
close. Rate trades around $1.3270 at writing.
- Cable support $1.3250, $1.3235/30, $1.3200. Resistance $1.3300, $1.3320,
- Brexit remains key sterling driver, the market remains optimistic that no-deal
has been moved to the background.
- Friday sees release of UK Mfg PMI(market median 52.2, last 52.8), along with
UK Mortgage and money supply data.