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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
With UK election campaign on the home.........>
CABLE: With UK election campaign on the home straight, all eyes are on the
political news. GBP/USD has added a handful of pips and trades at $1.3144,
supported by opinion polls which continue to put the Conservatives on a
comfortable lead.
- Cable has seemingly stalled ahead of $1.3200. On Friday it tested the
multi-month high of $1.3166 printed the prior day, before it retreated into the
European morning. A strong U.S. NFP report kept a lid on recovery attempts and
the rate finished on the back foot.
- The most recent highs of $1.3166 provide the initial bullish target. A break
here would clear the way toward the $1.3200 mark that has remained intact since
late March. Meanwhile, a slip under Friday's low of $1.3101 would encourage
bears to take aim at $1.3013, the high of Oct 21 and a key breakout level.
- On the data front, focus turns to UK monthly economic indicators, due Tuesday.
To read the full story
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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.