Free Trial

Rate correction continues after printing a....>

CABLE
CABLE: Rate correction continues after printing a post-CPI high of $1.3924. A
modest correction in the USD alongside a negative Wall Street open dragged the
pair back below the $1.39 mark with GBP now trading (at best) mixed after a
stronger start. JPY the strongest performer today as equity markets in both the
US and Europe declined. Support for GBP/USD seen coming into play at the lows of
$1.3854 (23.6% Fib level of today's price action) ahead of the lows at $1.3833
before the Feb12 low of $1.3796. 
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@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.