CME Group’s preliminary data for GBP futures markets noted open interest shrunk after two consecutive builds, this time by almost 4.8K contracts. In the same line, volume dropped by more than 4K contracts, recording the second pullback in a row. GBP/USD knee-jerk seen short-lived Cable is correcting lower after hitting fresh multi-month peaks above 1.3300 the figure earlier in the week. However, shrinking open interest and volume have removed tailwinds from a probable deeper correction, leaving the door open for a resumption of the up move 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 EUR/USD: Moving towards resistance – Commerzbank FX Street 4 years CME Group's preliminary data for GBP futures markets noted open interest shrunk after two consecutive builds, this time by almost 4.8K contracts. In the same line, volume dropped by more than 4K contracts, recording the second pullback in a row. GBP/USD knee-jerk seen short-lived Cable is correcting lower after hitting fresh multi-month peaks above 1.3300 the figure earlier in the week. However, shrinking open interest and volume have removed tailwinds from a probable deeper correction, leaving the door open for a resumption of the up move 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.
