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Free AccessSterling continues to trade with an...........>
CABLE: Sterling continues to trade with an underlying buoyant tone with cable
extending its recent recovery to $1.4164 Monday, though move slightly trailed
Eur/Usd's stronger move. Cable settled around $1.4130 through to Monday's close
with trade through Asia held within $1.4121-41. China Xi's measured comments, in
a much anticipated response to US Trump trade tariff threats, provided a general
improvement in risk and aided sterling, this added buoyancy allowed Eur/Gbp to
ease away from above Gbp0.8720 and was seen pressing on Asian lows of Gbp0.8707
into Europe. Support in the cross seen between Gbp0.8700-0.8695. Resistance
GBp0.8724. A UK data light day with attention on BOE Chief Economist Haldane,
speaking at 1030GMT.
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.