Free Trial

Sterling profit take sales have pressed.......>

CABLE
MNI (London)
CABLE: Sterling profit take sales have pressed rate to an extended pullback low
of $1.3399, off an initial election react high of $1.3514, but dips continue to
attract demand. Rate currently trades around $1.3413. Traders aware of option
sterling call expiries at today's NY cut with strikes at $1.3400 and $1.3450 for
Gbp1.4bln and Gbp1.02bln respectively. A clear break of $1.3400 to expose
$1.3380 ahead of $1.3350. Resistance $1.3426(23.6% $1.3514-1.3399),
$1.3443-57(38.2%-50%), $1.3470(61.8%). 
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.