CME Group’s preliminary figures for GBP futures markets showed open interest dropped by more than 1.1K contracts on Monday vs. Friday’s final 228,176 contracts. In the same line, volume shrunk by around 9.1K contracts, recording the third consecutive decline. GBP/USD scope for a test of 1.2660 Cable‘s pullback at the beginning of the week was on the back of declinining open interest and volume, allowing the probability of a small squeeze higher in the near term. However, the broader bearish view keeps pointing to a potential visit to YTD lows in the 1.2660 region. 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 Japanese financial regulator does not consider stablecoins as cryptocurrencies FX Street 4 years CME Group's preliminary figures for GBP futures markets showed open interest dropped by more than 1.1K contracts on Monday vs. Friday's final 228,176 contracts. In the same line, volume shrunk by around 9.1K contracts, recording the third consecutive decline. GBP/USD scope for a test of 1.2660 Cable's pullback at the beginning of the week was on the back of declinining open interest and volume, allowing the probability of a small squeeze higher in the near term. However, the broader bearish view keeps pointing to a potential visit to YTD lows in the 1.2660 region. 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.
