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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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Free AccessMNI US OPEN - Censure Motion Against France Gov't Due Today
NBP Data Watch
Political moves to rule out the chance of a...>
CABLE: Political moves to rule out the chance of a No-deal Brexit continued to
boost sterling Wednesday. Cable extended its recent rally to $1.3081 ahead of
the 1600GMT fix, with corrective pullbacks holding above $1.3060 into the close.
Release of a strong Australian jobs report added pressure on the USD in early
Asian dealing which allowed cable to edge up to $1.3091 before momentum faded
(as AUD/USD reversed early gains) and it drifted back to $1.3069 with early
Europe adding extra weight to take it on to retest $1.3060, touching $1.3058.
Several traders noted that cable closed above its 200-dma, which if maintained
would add to the current underlying positive tone (200-dma today $1.3064).
EUR/GBP seen as playing its part in sterling progress as EUR/USD struggled again
to push above $1.1400 while cable advanced toward $1.3100. Cross made a show
under Gbp0.8700 Wednesday, touched Gbp0.8698 with early Asia extending this to
Gbp0.8697 before slowly drifting higher. Cross currently trades around
Gbp0.8709. Move has taken rate outside of its 1.0% 10-dma envelope, the base
today at Gbp0.8760, 2.0% at Gbp0.8671.
To read the full story
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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.