Free Trial

Pare some of the gains

GBP
  • Looks like fast play (FM), following the break below 1.3500 in Cable.
  • The pair is seeing downside momentum after breaking through 1.3493.
  • Lost 20 pips in the last 10 minutes.
  • No Fundamentals, or now story headlines, and more likely order flow related
  • GBPUSD trades at 1.3474, with today's low situated at 1.3447

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.