Home GBP futures: consolidation poised to continue

GBP futures: consolidation poised to continue

Published date: 27 Aug. 2018 | 12:05

In light of advanced data for GBP futures markets from CME Group, open interest and volume dropped by around 4.7K contracts and almost 13.3K contracts, respectively on Friday from Thursday.

GBP/USD stays rangebound near term

Cable has run out of upside momentum above the critical 1.2900 the figure, and is expected to consolidate in the short-term horizon amidst shrinking open interest and volume.

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