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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.
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Free AccessPositive Brexit headlines and USD-negative....>
CABLE: Positive Brexit headlines and USD-negative month-end flows allowed
sterling to finish atop the G10 pile yesterday. After sticking to a narrow range
in the Asia-Pac session, GBP/USD advanced steadily through the London & NY
hours, closing 95 pips higher.
- Yesterday BBG sources said that PM May's government is planning "one last big
meeting" with Labour next week to try and forge a cross-party Brexit consensus.
- Cable last seen at $1.3037, 5 pips better off.
- Initial bullish attention turns to the 55-DMA & the upper 1.0% 10-DMA
envelope, which coincide at $1.3092. On the downside, a return below the
psychological $1.3000 mark would open up the 200-DMA at $1.2977.
- UK focus turns to the BoE MonPol decision & the accompanying presser with BOE
Gov Carney due Thursday, with construction & services PMI readings due on
Thursday & Friday respectively.
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.