Free Trial

Though retaining an underlying buoyant tone...>

CABLE
MNI (London)
CABLE: Though retaining an underlying buoyant tone sterling struggles to hold
reactive gains, the market now wanting something more concrete to allow sterling
to advance further. Cable was pushed to a high of $1.2698 in reaction to
positive Brexit comments from EU Barnier and a Polish minister but with no
follow up traders short term traders quick to book profit. Rate currently trades
around $1.2644 after pulling back to $1.2639. Support $1.2605/00, stronger into
$1.2580. Resistance $1.2700/10. 
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.