MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

MNI: BANK OF KOREA KEEPS POLICY RATE AT 3.50%: PRESS

Japan May Machine Orders -3.2% M/M

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Vaccination Progress Bolsters Sterling

GBP

Sterling has picked up a bid in reaction to optimism surrounding the UK's Covid-19 vaccination effort, as PM Johnson announced that England has met its target of inoculating 15mn people from the top four priority groups.

  • Cable has added 50 pips and showed above $1.3900 for the first time since Apr 2018. It last sits at $1.3898, with bulls targeting Apr 27, 2018 high of $1.3935. A break here would open up Apr 26, 2018 high of $1.3998. Bears keep an eye on the 20-EMA at $1.3737.
  • EUR/GBP trades at GBP0.8731, 19 pips worse off & testing worst levels since mid-2020. Further losses past May 11, 2020 low of GBP0.8711 would turn focus to May 5, 2020 low of GBP0.8691. Meanwhile, a jump above Feb 4 high of GBP0.8840 would expose the 50-EMA at GBP0.8894.
  • GBP/JPY is 59 pips firmer, last sits at Y146.06. It has last printed these levels towards the end of 2019 and bullish focus falls on Y147.96, the high print of Dec 13, 2019. Bears would be pleased by a pullback under Feb 9 low of Y144.04.
BulletMarketsForeign Exchange Bullets
BulletMarketsForeign Exchange Bullets

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.