MNI BRIEF: Fitch China Outlook Downgrade Regrettable - MoF

MNI BRIEF: Higher Import Prices To Drive Policy - BOJ's Ueda

RBNZ SAYS MPC CONFIDENT OCR IS RESTRICTIVE

MNI: PBOC Injects CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0959 Weds; -4.95% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI BRIEF: Japan Mar CGPI Rises 0.8% Y/Y, Higher Import Prices

MNI: JAPAN MAR CORP GOODS PRICE INDEX +0.8% Y/Y; FEB REV +0.7%

US Treasury Auction Calendar

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Rate remains under pressure as has been the...>

CABLE
CABLE: Rate remains under pressure as has been the case since this morning's
deluge of source comments in which wires cited the seemingly explosive call
between PM Johnson and German Chancellor Merkel, in which both sides effectively
ruled out the possibility of a deal this October on current terms.
-Interestingly, there's been no meaningful pick in downside protection demand in
GBP/USD via options, with today's put/call ratio actually edging slightly in
favour of call notional. This is thanks in part to a large 1.25/1.27 Gbp200mln
call spread that crossed in early US hours and due to roll-off on 1st November -
the day after the current Brexit deadline of Oct31. The trade would break even
on a move above approximately $1.2565.
-At the 10am NY cut on November 1st, the expiry schedule is getting considerably
busier, with large expiries building at $1.27 (Gbp1.2bln), $1.29 (Gbp1.6bln) and
$1.3150 (Gbp1.6bln) - all of which are call option expiries.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MarketsForeign Exchange Bullets
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MarketsForeign Exchange Bullets

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.