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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 on the defensive back foot...>
CABLE: Sterling remains on the defensive back foot as market seen wary of
further 'no-deal' Brexit comment. Cable did manage to recover off Tuesday's low
of $1.2924 (missing a retest of Monday's fresh YTD low of $1.2920), to $1.2960
in earlier Asian trade but Europe has quickly punched the rate back down to
$1.2936. Rate currently trades around $1.2940. EUR/GBP edged to an extended
recovery high of Gbp0.8977 in Asia, off its BOE MPC reaction low of
Gbp0.8855(Aug2). Next resistance in the cross seen at Gbp0.8981/86, a break to
expose the top of its 10-dma 1.0% envelope at Gbpp.9002. With market sitting
short sterling market could be vulnerable to any positive Brexit comment.
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.