Free Trial

Rate remains well on the backfoot following...>

CABLE
CABLE: Rate remains well on the backfoot following Carney's comments yesterday,
touching $1.4036 as European traders bring the pair lower. GBP/USD may find some
support on an approach into the 50- and 55-dma levels at $1.4020/10 before
$1.3983/73, marking the Apr6 low and rising trend support line from Mar1. BoE's
Saunders speech at 1030BST will be one to watch this morning..

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.