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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.
GBP
- Some small unwind in the Pound, finding a bid against the USD, EUR, JPY.
- Close to 40 pips off the lows against the USD, but still down 0.52% on the session.
- A decent session for Cable, trading in 136 pips range.
- In terms of Technical, support are seen at 1.1600, followed by 1.1447 Low Mar 23 2020
- Further out, would see 1.1412 Low Mar 20 2020 and a major support.
- The latter is also the lowest print since 1985.
- Resistance will be seen at the intraday high, 1.1783.
Chart source: MNI/Bloomberg
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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