Free Trial

Sterling under pressure in early European.....>

CABLE
MNI (London)
CABLE: Sterling under pressure in early European dealing allowing cable to
extend its corrective pullback away from Thursday's high of $1.2354 to $1.2243.
EUR/GBP also reflects this pressure as the cross moves back above Gbp0.9000,
edging on to Gbp0.9008. Resistance in this pair now seen into its 10-dma, by
time has edged to Gbp0.9032. Next cable support seen into $1.2232(Aug29 high)
ahead of $1.2210/00. 
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.