Home GBP Futures: remains sidelined for the time being

GBP Futures: remains sidelined for the time being

Published date: 7 Aug. 2019 | 08:22

CME Group’s flash data for GBP futures markets showed open interest rose by almost 8.7K contracts on Tuesday, reversing the previous drop. Volume, instead, went down by around 3.9K contracts.

GBP/USD further rangebound likely

Cable remains within a consolidative theme below the 1.2200 handle amidst erratic volume and a relentless up trend in open interest. In the near term, this pattern is likely to prevail at least until some strong catalyst turns up.

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