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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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Free AccessRecovery off Monday's low of $1.2456 failed...>
CABLE: Recovery off Monday's low of $1.2456 failed to edge back above $1.2500,
touched $1.2499 before it eased off to $1.2469. Rate closed yesterday's session
around $1.2477, touched a high of $1.2482 in opening Asian trade before it
drifted back to retest Monday's low. Support was found here in Asia but general
USD demand into Europe has seen rate extend lows to $1.2450. A break below here
to open a deeper move toward $1.2427-24 (Jul18 low/76.4% 1.2382-1.2558). General
USD strength the early driver but attention in sterling to switch to the
Conservative Party leadership result, expected around 1100GMT, with Boris
Johnson the expected winner. Focus will be on any acceptance speech, especially
concerning Brexit. CBI data due ahead of this at 1000GMT but likely to be
overshadowed.
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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.