Free Trial

Rate continues to slide as sterling remains...>

CABLE
MNI (London)
CABLE: Rate continues to slide as sterling remains under pressure. Cable extends
lows to $1.3284, while Eur/Gbp edges to Gbp0.88395, just shy of Friday's high of
Gbp0.8841. Next support of note in cable seen at $1.3269/67(76.4%
$1.3148-1.3659/Aug3 high). Above Gbp0.8841 cross expected to meet resistance
between Gbp0.8845/55 ahead of Gbp0.8880/85. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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.