Free Trial

Saw a high of $1.3048 in post US CPI trade....>

CABLE
MNI (London)
CABLE: Saw a high of $1.3048 in post US CPI trade before rate reversed tack
through the 1600BST fix and sank back to $1.3000 into the close. This slippage
continued into Asia as it pressed down to $1.2993 but found fresh demand into
the Tokyo open that lifted it back above $1.3000 before it settled around
$1.3010 through to the Europe open. Weekend, and today's press, carry polls
showing Farage's Brexit Party leading ahead of the European elections, with the
Conservative Party expected to take a nasty bruising. Talks between
Conservatives and Labour continue this afternoon though any breakthrough seeming
very unlikely. Labour's Starmer has said that between 120-150 Labour members
unlikely to support a Brexit deal without the inclusion of a confirmatory
referendum. A light UK calendar Monday. Brexit headlines remain key. 
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.