Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
EURO-STERLING: Tuesday's break below the 10-dma (Gbp0.8527) provided the
technical impetus for a deeper corrective pullback toward the base of the 1.0%
10-dma envelope, at the time came through at Gbp0.8442, the rate touching a a
late low of Gbp0.8452, closing the year at Gbp0.8459. Cable month-end demand
outpaced EUR/USD's month-end rise and in turn drove EUR/GBP to those lows. Rate
consolidated these lower levels into Asia before it edged to a high of Gbp0.8492
but move ran into willing sellers placed toward Gbp0.8500, pressing rate back to
Gbp0.8472 in early Europe.
- Whilst rate remains below its 10-dma(by time currently at Gbp0.8522) it will
keep the underlying bearish tone in place with support now seen at Tuesday's low
of Gbp0.8452, the base of the 1.0% envelope coming through at Gbp0.8436.
- No sign of month-end EUR/GBP demand, which can overhang into the new month,
but traders will be watching.