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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.
FOREX
- in the past few months, we have mentioned that the rise in uncertainty was potentially going to weigh on Sterling, which has historically been sensitive to 'high-volatility' regimes.
- In addition, BoE's dovish tone in response to the emergence of the Omicron variant has also generated a rally in Short-sterling futures and therefore has been weighing on GBP in recent weeks.
- The chart below shows the strong co-movement between 'risk-on' currency pair GBPJPY and World (ex-US) equities in recent years.
- Periods of World (ex-US) equities' weakness have been generally associated with GBP depreciation (relative to JPY) and vice versa.
Source: Bloomberg/MNI
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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