Investors trimmed their open interest positions in GBP futures markets by almost 1.3K contracts on Thursday from Wednesday’s final 190,021 contracts, according to advanced data from CME Group. Volume, instead, rose by nearly 11.5K contracts, reverting the previous drop. GBP/USD a test of 1.2950 appears unlikely so far Recent price action in Cable was amidst shrinking open interest and rising volume, leaving the scenario ripe for some extra consolidation in the near term. Despite deeper pullbacks are not ruled out, a test of 2018 lows in the mid-1.2900s appears not favoured for the time being. 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 GBP/USD headed to Tuesday’s lows at 1.3070 ahead of US GDP FX Street 5 years Investors trimmed their open interest positions in GBP futures markets by almost 1.3K contracts on Thursday from Wednesday's final 190,021 contracts, according to advanced data from CME Group. Volume, instead, rose by nearly 11.5K contracts, reverting the previous drop. GBP/USD a test of 1.2950 appears unlikely so far Recent price action in Cable was amidst shrinking open interest and rising volume, leaving the scenario ripe for some extra consolidation in the near term. Despite deeper pullbacks are not ruled out, a test of 2018 lows in the mid-1.2900s appears not favoured for the time being. 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.
