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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 AccessSoft UK PMI data this week has kept........>
STERLING: Soft UK PMI data this week has kept sterling on the defensive. Weak
construction and in particular services, which fell to 50.2, is nearing
contraction territory as the fear of a Brexit no deal provides uncertainty for
markets.
- GBPUSD touched 2-week lows of $1.2557, key support is located at $1.2506 from
the Jun 18 low.
- EURGBP remains in bullish territory but has so far encountered strong
resistance ahead of the psychological Gbp0.90 level (Gbp0.8992 high).
- GBPJPY printed fresh 6-month lows of Y135.17, downside support seen on
approach to Y135.00.
- GBPCHF flirts around the Chf1.24 level with key long-term trendline support
drawn off Mar 2017 lows at Chf1.2325 holding firm, for now.
To read the full story
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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.