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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI US MARKETS ANALYSIS - NFP Followed by Ample Fedspeak
MNI US OPEN - Soft NFP Report Should Cement December Cut
MNI China Daily Summary: Friday, December 6
Rate saw a low of Gbp0.8886...........>
EURO-STERLING: Rate saw a low of Gbp0.8886 Thursday, as the EUR dropped in
reaction to the announced ECB rate cut, but EUR recovery saw it bounce to post
fresh intraday highs of Gbp0.8973 into the close. Asia extended this move to
Gbp0.8974 before it faltered and slowly began to drift lower. This move lower
gained a little more momentum into Europe, the rate easing to Gbp0.8954 at
writing. PM Johnson's move to use no-deal in negotiations with the EU for Brexit
seen facing more hurdles, which along with N.Ireland's DUP said to be opening a
door to allow some resolution to the Ireland backstop impasse, is seen providing
sterling with some buoyancy. Cross continues to hold within the base of its 1.0%
10-dma envelope(current Gbp0.8895) and its 10-dma (current Gbp0.8985). Whilst
rate remains below the latter it is seen keeping the underlying outlook bearish.
To read the full story
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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.