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CME Group’s flash data showed investors added around 3.6K contracts to their open interest positions on Monday. Volume, instead, reversed the previous build and shrunk by around 37.5K contracts.

GBP/USD: Scope for a move below 1.30

Cable’s negative price action on Monday was accompanied by rising open interest and a decline in volume. That said, while some consolidation is probable in the short-term horizon, a drop and test of sub-1.30 levels should not be discarded for the time being.