In view of CME Group’s flash data for GBP futures markets, open interest rose by nearly 3.1K contracts on Wednesday vs. Tuesday’s final 190,296 contracts. On the flip side, volume drooped by around 15.4K contracts. GBP/USD could re-visit 1.2957 Cable is dropping to fresh multi-day lows in sub-1.3100 levels today amidst rising open interest, which could allow for a deeper retracement to, initially, the psychological support at 1.3000 the figure ahead of 1.2957, YTD lows. However, the recent drop was on the back of diminishing volume, which could remove some tailwinds from the down move. 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 BoE press conference – Mark Carney speech live stream – Aug. 2 FX Street 5 years In view of CME Group's flash data for GBP futures markets, open interest rose by nearly 3.1K contracts on Wednesday vs. Tuesday's final 190,296 contracts. On the flip side, volume drooped by around 15.4K contracts. GBP/USD could re-visit 1.2957 Cable is dropping to fresh multi-day lows in sub-1.3100 levels today amidst rising open interest, which could allow for a deeper retracement to, initially, the psychological support at 1.3000 the figure ahead of 1.2957, YTD lows. However, the recent drop was on the back of diminishing volume, which could remove some tailwinds from the down move. 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.
