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Open interest in GBP futures markets rose by 475 contracts on Monday from Friday’s final 189,445 contracts, according to advanced figures from CME Group. On the other hand, volume went down by almost 11.7K contracts.

GBP/USD within the familiar range

Cable keeps the neutral stance for the time being against the recent backdrop of shrinking volume and rising open interest, leaving the door open for a continuation of the sideline theme in the near term.