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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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Slipped back outside the base of......>
EURO-STERLING: Slipped back outside the base of its 1.0% 10-dma envelope
Tuesday, as sterling gained a boost on the back of Merkel's conciliatory tone
concerning the Irish Backstop (main bargaining point in the Brexit process).
Rate touched a low of Gbp0.9101 (1.0% envelope base Tuesday Gbp0.9119), just shy
of Friday's low of Gbp0.9090, before it recovered to Gbp0.9145 before it settled
around Gbp0.9120 into the close. Rate consolidated between Gbp0.9116/26 through
Asia before sterling came under pressure in early Europe. Rate has edged to
Gbp0.9144 where it again met headwind resistance. Whilst rate holds back within
the envelope it exposes the 10-dma at Gbp0.9202, though with interim resistance
levels of Gbp0.9165 and Gbp0.9184 ahead. 1.0% envelope base currently comes
through at Gbp0.9110, a break to open a move back to Gbp0.9101 ahead of
Gbp0.9090.
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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.