Free Trial

With Eur/Gbp pressed down to Gbp0.91035,......>

CABLE
MNI (London)
CABLE: With Eur/Gbp pressed down to Gbp0.91035, from earlier extended highs of
Gbp0.9144, it has provided some relief for the pound overall. Cable was dragged
lower by the sharp move lower in Eur/Usd (react to ECB source report), found
support at $1.2842, currently trades around $1.2858 as the cross languishes just
off mentioned lows. UK Employment Report due for release on the half hour. 
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.