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
CABLE: Wednesday saw another early Europe rally in sterling knocked back, in
what looks to be fix related, whether in cable or EUR/GBP. Cable touched a high
Wednesday of $1.3170 before it was sold back to $1.3092 in pre NY trade, with
the US session extending the low to $1.3081 before it recovered to $1.3139 then
dropped to $1.3083 into the 1600GMT fix. Shallow recovery to $1.3117 before rate
settled just below $1.3100 into the close. EUR/GBP posted a fresh 2020 low of
Gbp0.8455 in early Europe though its rebound managed to hold below its key
10-dma which is seen keeping sterling's recent underlying buoyant tone in place.
Cable slowly clawed its way up to a high of $1.3124 into Europe before meeting
headwinds that have pressed it back toward $1.3100. A light UK data calendar for
Thursday. Attention on the US-Iran situation and Brexit for direction.
- Support remains into $1.3085/80, stronger into $1.3060/50. Resistance $1.3124,