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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 AccessSterling Inches Higher as UK Sends Deal Drafts
GBP/USD climbs to the best levels of the session as Bloomberg reports that the UK have sent 5 different trade deal drafts and draft legal text including state aid to the EU in a bid to unblock current talks.
Rate rallies to touch new session highs and shows above $1.29 in response. Next resistance at the Monday high of 1.2930.
Comments from BoE's Bailey could also be lending some support, as the BoE governor outlined that QE and forward guidance remain tools the BoE could use in any further downturn, but adds that the Bank have not yet reached a judgement on whether to use them.
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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.