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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.
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Free AccessWith the USD trading moderately weaker........>
CABLE: With the USD trading moderately weaker overnight, the GBP/USD rate is
reversing some of the losses seen post-hawkish FOMC minutes late yesterday. Asia
highs of $1.3530 are holding for now, but a break could expose hourly resistance
at $1.3570 as well as $1.3569, marking the 61.8% retracement level for the
$1.3614-$1.3495 move.
UK services PMI up next at 0930GMT, expected at 54.0 after this week's
disappointing construction and manufacturing readings.
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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.