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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
The cross also reflected sterling's...>
EURO-STERLING: The cross also reflected sterling's recovery, the move lower
powered by cable's strong recovery, overtaking EUR/USD as the USD came under
general risk driven pressure. EUR/GBP, which had been capped Friday by the top
of its 1.0% 10-dma envelope at Gbp0.9055, managed to drop back through its
10-dma (current level at Gbp0.8954) to a low of Gbp0.8916, with recovery efforts
so far holding around the Gbp0.8930 level. Whilst rate can hold below its 10-dma
it keeps the near term outlook bearish, with the base of the 1.0% envelope,
currently coming through at Gbp0.8864, exposed.
To read the full story
Sign up now for free trial access to this content.
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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.