Search ForexCrunch

Open interest in GBP futures markets increased by just 846 contracts on Thursday following four consecutive pullbacks, according to flash data from CME Group. In the same direction, volume rose by nearly 12.1K contracts, extending the recent choppiness in activity.

GBP/USD now looks to 1.2500 and beyond

The recovery in Cable is expected to challenge the key barrier in the 1.2500 neighbourhood in the near term, all amidst rising open interest and volume.