Free Trial

Trades back below $1.3500, after rate was.....>

CABLE
MNI (London)
CABLE: Trades back below $1.3500, after rate was hoisted to an extended recovery
high of $1.3514 as Eur/Gbp broke key support at Gbp0.8775. Cable traded back to
$1.3492 as Eur/Usd broke down to $1.1822 but rate seen back at $1.3500 as
Eur/Gbp trades heavy again. Resistance in cable remains at that recent high of
$1.3514, with hourly resistance noted between $1.3520-35. 
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.