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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: Japan Q3 GDP To Be Slightly Revised Down
The rejection away from Friday's......>
EURO-STERLING: The rejection away from Friday's high of Gbp0.8958 extended to
Gbp0.8884 in Asia today with rate holding heavy into early Europe. Move saw rate
falter ahead of its 10-dma 1.0% envelope (Gbp0.8965 Jul20) and has now eased
below the 10-dma, by time today coming in at Gbp0.8887. If rate can build on
this corrective pullback to expose next support area between Gbp0.8874-66(Jul18
low/Jul13 high). The base of the 1.0% envelope today comes through at Gbp0.8799.
UK Govt now in its summer recess. Sterling gained a boost as PM May moved to
take control of Brexit negotiations. Focus now on next week's BOE MPC rate
decision with markets still looking for a hike, though this forecast has taken a
few data knocks of late. Resistance Gbp0.8893 ahead of Tuesday high of
Gbp0.8927. Month-end approaching which could see cross demand emerge.
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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.