Free Trial

Sterling Gets an Added Lift Through the Fix

CABLE
MNI (London)

Cable gains an added lift into the 1600BST fix, the rate pushing above its earlier high of $1.3060 and on to $1.3072 but seen meeting headwinds in the area of reported resistance between $1.3070/80($1.3073 Upper Bollinger Band(2%)-$1.3079 50% $1.3482-1.2676). Rate currently trades around $1.3068. UK markets turn focus on BOE Bailey at 1700BST, speaking at a Citizens' Panel Open Forum, with Q&A. Sterling also showing firm vs the EUR, cross extends slippage to Gbp0.9037.

MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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.