Free Trial

Sterling under pressure again as rate eases...>

CABLE
MNI (London)
CABLE: Sterling under pressure again as rate eases back toward its recently
posted pullback lows of $1.3532. Tech traders note hourly support in the area
between $1.3535/25, adding that a break below to expose the $1.3470 level.
Eur/Gbp also reflects sterling softening as this rate edges back toward its
earlier high of Gbp0.8830. Break here to open a move toward Gbp0.8840 ahead of
Gbp0.8867. 
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.