Free Trial

Recoups most of its earlier lost ground as....>

CABLE
MNI (London)
CABLE: Recoups most of its earlier lost ground as rate extends recovery off
pullback low of $1.3538 to $1.3586 as traders adjust positions ahead of PM May's
speech in Florence. Resistance seen into the earlier high of $1.3595 ahead of
$1.3605/10 with key resistance seen close behind at $1.3617/22. Break here to
expose the Sep20 high of $1.3659. Support seen back at $1.3538 ahead of
$1.3525/15. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@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.