Free Trial

Sterling recovery edged up to $1.3128,........>

CABLE
MNI (London)
CABLE: Sterling recovery edged up to $1.3128, holding just shy of Wednesday's
hourly highs of $1.3129/34. A break here to open a move on toward $1.3150 ahead
of $1.3167. Support remains at $1.3060/50.
- EUR/GBP extended its pullback, away from Wednesday's high of Gbp0.8517 and the
topside of its 1.0% 10-dma envelope, currently coming through at Gbp0.8518, to
Gbp0.8478. 10-dma at Gbp0.8434.   
- Focus on UK Retail Sales, BOE MPC Monetary Policy Announcement and the Queen's
Speech. 
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.