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In light of preliminary figures for GBP futures markets from CME Group, open interest dropped significantly by nearly 77.7K contracts on Wednesday from Tuesday’s final 251,436 contracts. Volume also decreased just by 336 contracts.

GBP/USD holds on around 1.3100

Yesterday Cable charted a doji-like candle amidst decreasing open interest and volume, hinting at the likeliness that spot could have found an interim support in the 1.3100 neighbourhood, at least for the time being.