Open interest in GBP futures markets posted the largest single day build since July 16 on Friday, up by nearly 7.1K contracts. Volume, instead, dropped by around 20K contracts, prolonging the erratic performance. GBP/USD in more than 2-year lows Cable is extending the recent breakdown of the 1.2400 key support and is navigating levels last seen in March 2017 near 1.2360. Rising open interest favours the continuation of the leg lower along with persistent uncertainty in UK politics and Brexit. The choppy activity in volume, however, could slow the pace of 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 A leading Japanese broker to join Libra Association FX Street 4 years Open interest in GBP futures markets posted the largest single day build since July 16 on Friday, up by nearly 7.1K contracts. Volume, instead, dropped by around 20K contracts, prolonging the erratic performance. GBP/USD in more than 2-year lows Cable is extending the recent breakdown of the 1.2400 key support and is navigating levels last seen in March 2017 near 1.2360. Rising open interest favours the continuation of the leg lower along with persistent uncertainty in UK politics and Brexit. The choppy activity in volume, however, could slow the pace of 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.
