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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 AccessTrades back at $1.3170, after its earlier.....>
CABLE: Trades back at $1.3170, after its earlier drop back to $1.3135. Traders
point out that rate has met support in the mid $1.3130's several times now.
Several reports read this morning suggests market expecting a weak start to Q4
for UK Retail Sales and suggest market may well be positioned for this. However,
if numbers come in well below forecast it could still provide for a downside
move but expect profit take demand to quickly move in to cushion any negative
react. Surprise would be more on a stronger than forecast set of data and likely
to provide a sharp move higher.
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.