Free Trial

Pullback Considered Corrective


Corrective Cycle


Corrective Bounce


Short-Term Trend Needle Points South

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Most of the action has been in the Pound this morning

  • Mostly a steady start for FX, with the USD in the green across G10s, besides versus the Yen, down a small 0.13%.
  • Crosses trades well with past ranges, but the notable move so far today, has been in the Pound, following the small CPI miss, by 1 tenth for the MoM and YoY reading.
  • The British Pound collapsed and Cable trades in a 129 pips range, but 10 pips off the low at the time of typing.
  • EURGBP broke through initial 0.8475 resistance, but failed to break above 0.8500, printed 0.84943 high.
  • The EUR also got a small boost after ECB Rehn (leaning Dove): "First rate hike likely to be in the Summer, necessary to move quickly from negative rates".
  • But the moves are still limited, given the underpinned USD.
  • Looking ahead, nothing in terms of market moving data for the afternoon.
  • Fed Harker is the only speaker scheduled for the session.

To read the full story

Why Subscribe to


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.