Home GBP futures: looking for a base?
FXStreet News

GBP futures: looking for a base?

Investors trimmed their open interest positions by just 721 contracts on Wednesday from Tuesday’s final 210,495 contracts, according to CME Group. In addition, volume dropped for the third session in a row, this time by nearly 6K contracts.

GBP/USD downside losing momentum

Cable is prolonging the leg lower following the broader downbeat tone in the risk-associated universe, while yesterday’s drop in open interest and volume hints at the probability that spot could be carving a base.

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.