MNI BRIEF: UK Services Inflation May Persist - Lombardelli

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Industrial, Service Rebound Buoys China's Q1 GDP

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

MNI: PBOC Sets Yuan Parity Higher At 7.1028 Tues; -5.06% Y/Y

MNI: GERMANY APR ZEW CURRENT CONDITIONS -79.2

MNI: GERMANY ZEW APR ECONOMIC EXPECTATIONS 42.9

GBPUSD possible reversal if STIR markets see more rate cut expectations

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Sterling Edging Lower Through European Open

GBPUSD
  • GBP has been drifting lower in recent trade, and now sits south of the 1.38 handle as Europe opens. Weakness also observed against the EUR as the EUR/GBP cross recoups a small portion of yesterday's losses.
  • Price action seems more reminiscent of consolidation and profit-taking following sharp strength seen since the beginning of the week rather than a direct market response to the slightly softer-than-expected CPI data - although that will be supporting.
  • A failure to sustain gains in GBP/USD at these levels will mean the pair failed to break the 200-dma at 1.3848 which becomes an important level ahead of any progress on the mid-September high at 1.3913.
  • No relevant UK risk events or speakers later today, although markets may turn some focus to weekly PMQs in the Commons at 1200BST, at which markets will watch for clues ahead of next Wednesday's Spending Review (Oct 27th).
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.