Preliminary figures for GBP futures markets published by CME Group, noted investors trimmed their open interest positions by around 1.8K contracts on Friday vs. Thursday’s final 226,465 contracts, recording the first decrease after six consecutive builds. In the same direction, volume dropped by more than 22.6K contracts, recording the third consecutive drop. GBP/USD could have bottomed around 1.3200 Recent price action in Cable has been on the back of rising volume, allowing for a continuation of the up move. However, shrinking volume could play against that view, leaving the door open for some consolidation in the near term. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USDJPY needs to resurface above 110.20 – BBH FX Street 5 years Preliminary figures for GBP futures markets published by CME Group, noted investors trimmed their open interest positions by around 1.8K contracts on Friday vs. Thursday's final 226,465 contracts, recording the first decrease after six consecutive builds. In the same direction, volume dropped by more than 22.6K contracts, recording the third consecutive drop. GBP/USD could have bottomed around 1.3200 Recent price action in Cable has been on the back of rising volume, allowing for a continuation of the up move. However, shrinking volume could play against that view, leaving the door open for some consolidation in the near term. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
