Free Trial

Touched an extended low of $1.2878 in early...>

CABLE
MNI (London)
CABLE: Touched an extended low of $1.2878 in early Europe (Asia low $1.2882)
before meeting willing buyers. Rate has since edged back to $1.2885, the move
aided by Eur/Gbp as it backed away from its extended high of Gbp0.9164 to
currently trade around Gbp0.9159. Cable resistance seen at $1.2906/16, stronger
into $1.2920. Support $1.2875/65 ahead of stronger interest into $1.2850. 
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.