Free Trial

Pound pare some losses

GBP
  • Cable continues to edge back higher, retracing some of yesterday's and overnight sell off.
  • This is more a function of the Pound with EURGBP also dipping lower.
  • USD is so far mixed in G10s, up 0.17% against the CAD and down 0.16% versus the Swissy (CHF)
  • Market participants will look at yesterday's high1.3892 as initial resistance for Cable

To read the full story

Close

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.