Free Trial

Sterling remains under pressure in late.......>

CABLE
MNI (London)
CABLE: Sterling remains under pressure in late Europe morning trade with
position adjustments seen ahead of today's Super Thursday BOE MPC announcements.
A hike of 25bp is widely expected with traders watching for the vote split, 7-2
seen neutral, 8-1 hawkish, while 6-3 and tighter would be seen sterling
negative. Future rate path also in focus, a tight vote split might be seen as
one and done, just correcting the emergency 25bp cut post Brexit referendum.
Cable has eased off to $1.3217, having seen a recovery high of $1.3300 in Asia.
Eur/Gbp is trading back above Gbp0.88, currently around Gbp0.8808. 
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.