MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Sterling Sloppy Into Friday Close

FOREX

Having outperformed for much of the first half of the week, GBP spiralled into the Friday close as markets pondered the likelihood of a deal by the end of the weekend. Betting markets had trimmed the implied probability of a deal by year's end by a decent margin into the Friday close, mirroring the pullback in the pound - the poorest performer in G10.

The greenback fared better, as softer equities state-side prompted some risk-off flow. The bounce in the dollar was modest, at best, however as the USD index still trades in close proximity to the multi-year lows posted Thursday at 89.730.

Markets should thin out in the coming week, with the proximity to Christmas holidays sapping activity and volumes.

Another read of US GDP for Q3, consumer confidence data and existing/new home sales are the only real releases. Central bank decisions come from Turkey.

Energy BulletsCommodities
Energy BulletsCommodities

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.