Free Trial

The British Pound is under renewed pressure

CROSS ASSET
  • The Pound is getting crushed, down 1.31% vs Yen, 1.05% vs USD and 0.70% vs EUR.
  • Support in Cable is still seen at 1.2042.
  • EURGBP now eye 0.8700, followed by 0.8721 High May 26 2021 and Jun 15 / bull trigger
  • Gilt sees 115.02 High Jun 8 next.
  • SONIA Strip is just 1 big tick off the session high.
  • German Govies and US Treasuries are back to session, with Bund lifted in 5k, Gilts and BTP are leading.

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.