Free Trial

Sterling recouping early Europe losses,.......>

CABLE
MNI (London)
CABLE: Sterling recouping early Europe losses, which had seen cable pressed to
an extended low of $1.2827 (Asia range $1.2843-67) with rate currently trading
around $1.2850. Positioning ahead of tonight's key YouGov poll was seen as an
early influence on sterling, but this is seen countered by month-end flow which
early models have forecast should support sterling versus the USD. Cable support
now seen at $1.2827/24 ahead of $1.2800. Resistance $1.2867/71. 
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.