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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
- GBP begins September on a negative note, with GBP/USD printing lower lows for a fifth consecutive session and EUR/GBP narrowing the gap with June's best levels at 0.8721 (which also marks the April 2021 highs).
- In the short-term, clearance here opens levels not seen since early last year, and would mark a clean break of 0.8699, the 38.2% retracement for the 2020 - 2022 downleg.
- On a longer-term view, GBP/USD weakness has exposed a multi-decade downtrendline drawn on the monthly chart from the 2001 low at 1.3682.
- This trendline could garner more focus should GBP weakness persist, particularly under the tenure of a new Prime Minister, with Liz Truss still heavily favoured to take office next week.
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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