Free Trial

Under renewed pressure

CABLE
USD starts to see small upside continuation, with the currency generally better bid and favoured.
  • The same cannot be said for the old British Pound, which is coming under renewed pressure.
  • 1) BREXIT: Brexit concerns, fuelled by UK Northern Ireland Minister's comment that the country could break international law by ripping up some parts of its withdrawal agreement with Brussels.
  • French trade minister Franck Riester says that a Brexit deal is unattainable as long as the U.K. remains unwilling to agree with rules that would ensure a level playing field with the EU, the Financial Times
  • 2) Covid: UK PM Johnson will cap the size of permitted gatherings at six people
  • Cable falls through new lows, with immediate MNI tech support seen at 1.2912 Low Jul 29 next.

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.