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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 remains in consolidation mode........>
CABLE: Sterling remains in consolidation mode following the recovery off
Monday's react lows of $1.3190(Boris Johnson Cabinet resignation), the rate
touching a high of $1.3301 in European morning trade Tuesday before it pulled
back to $1.3227 following release of UK GDP data(new monthly format). Since then
rate has settled within a basic $1.3250/80 range (Asia $1.3249-81), currently
trades around $1.3255. Brexit concerns have receded though political grumblings
continue. Fox agreeing to buy Sky at an increased price of Gbp14/share provides
a minor boost at writing, now trades around $1.3265.
BoE Carney at National Bureau of Economic Research Conference on the "Global
Financial Crisis" at 1635BST, Massachusetts(No text) provides domestic interest
in a data light calendar.
To read the full story
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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.