CME Group’s flash figures for GBP futures markets noted open interest rose by around 8K contracts on Thursday vs. Wednesday’s final 176,964 contracts. In the same line, volume rose by more than 2K contracts, recording the third build in a row.
GBP/USD rallies capped by 1.3200
Cable’s daily pullback on Thursday has been in tandem with increasing open interest and volume, although today’s sharp rebound in the risk-on sentiment motivated GBP/USD to regain the 1.3100 handle and above. However, occasional rallies are seen limited by the 1.3200 neighbourhood, where converge earlier tops and the 10-day sma.
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