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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.
UK
- Bloomberg reports that a number of UK companies are facing calls to provide emergency loans to their employee pension scheme in the latest bid for those funds to raise cash.
- GBPUSD sees relatively little impact on the headline, coming on a day of further large moves: currently +0.9% at 1.1078 after BoE’s Bailey yesterday saying the emergency purchases would indeed end Friday sparked an eventual -1.7% fall in the cross.
- Limited reaction potentially from limited macro size for now: “one lawyer said the requests among his clients for short-term emergency loans from employers may end up totaling hundreds of millions of pounds.” Full story here.
Source: 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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