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Open interest and volume shrunk by nearly 3K contracts and nearly 25.2K contracts, respectively, on Wednesday, reversing the previous build.

GBP/USD expects turther rangebound around 1.30

Cable extended the inconclusive price action on Wednesday amidst declining open interest and volume. That said, the continuation of this pattern is likely in the very near term as cautiousness prevails among investors ahead of the BoE event (Thursday) and the Brexit deadline (Friday).