Free Trial

Sterling slips again, takes cable to an.......>

CABLE
MNI (London)
CABLE: Sterling slips again, takes cable to an extended low of $1.3121, as
EUR/GBP edges to Gbp0.8863. Apart from general USD strength the pound has been
seen under pressure on reaction to the UK Govt's Brexit White Paper, with
position adjustments seen ahead of the weekend. UK weekend press will probably
pull this Brexit plan apart, highlighting the negatives. US Trump comments
overnight on future trade agreement with the UK, along with seeing Boris Johnson
having the potential to make a 'great PM', also weigh. Next support seen at the
Jul3 low of $1.3115 ahead of $1.3100. 
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.