Open interest in GBP futures reversed four consecutive daily drops and rose by around 5K contracts on Tuesday according to preliminary figures from CME Group. Volume, in the same direction, went up by more than 142K contracts, recording the largest daily build so far this year. GBP/USD could attempt a move to 1.2300 Cable rebounded from multi-year lows on Tuesday on the back of rising open interest and volume. That said, and with Brexit headlines supporting the upside momentum, another visit to recent tops in the 1.2300 neighbourhood should not be ruled out in the near term. 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 UK: Services PMI fell to 50.6 in August – TD Securities FX Street 4 years Open interest in GBP futures reversed four consecutive daily drops and rose by around 5K contracts on Tuesday according to preliminary figures from CME Group. Volume, in the same direction, went up by more than 142K contracts, recording the largest daily build so far this year. GBP/USD could attempt a move to 1.2300 Cable rebounded from multi-year lows on Tuesday on the back of rising open interest and volume. That said, and with Brexit headlines supporting the upside momentum, another visit to recent tops in the 1.2300 neighbourhood should not be ruled out in the near term. 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.
