Free Trial

Selling continuation in the Pound

GBP

Pound continues to struggle today, although we are just testing yesterday's low in Cable at 1.3886.

  • Speaking to desks, there hasn't been any new obvious catalyst or fundamentals behind this pullback lower.
  • Further downside traction would open towards 1.3847 next.
  • Some spillovers going through versus the EUR and JPY, now at their best level of the session

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.