Free Trial

Sterling under renewed pressure extends the...>

CABLE
CABLE: Sterling under renewed pressure extends the downtrend to $1.2662, before
stalling ahead of support from the 50% retracement of $1.2559-1.2763.
- A light data calendar for the UK with main focus on the first vote in the
Conservative leadership contest. Boris Johnson remains favoured. Candidates need
at least 17 votes to progress to the second round on Jun18. Voting rounds
continue Jun19 and Jun20 until 2 candidates remain and it is then put to a
general Conservative members vote.
- According to the BBC, voting will take place by secret ballot in the Commons,
with a result expected sometime after 1300BST.

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.