Free Trial

Sterling sales gain momentum in early.........>

CABLE
MNI (London)
CABLE: Sterling sales gain momentum in early Europe, sees cable drop back to
$1.2928, after clearing below its Monday hourly support at $1.2957. Move also
sees EUR/GBP clear back above Gbp0.8600, moving back within its 1.0% 10-dma
envelope as it edged above Gbp0.8615 to Gbp0.8620. However, as has been seen in
recent sessions, sterling dips quickly attract buyers, allows cable to edge back
to $1.2940, the cross back to Gbp0.8610. Focus on Brexit developments.   
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.