Free Trial

Rate edging above $1.22, the best levels of...>

CABLE
CABLE: Rate edging above $1.22, the best levels of the week, at writing as the
pair benefits from a modestly weaker greenback Tuesday morning. UK newsflow has
been few and far between so far today, keeping bulls' focus on the 200-hma at
$1.2226 as the next trigger for intraday price action. The Jul31 high sits just
beyond there at $1.2250.
-EUR/GBP also weakening in sympathy, but still well off yesterday's lows of
Gbp0.9130.

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.