Home GBP Futures: rising odds for extra consolidation
FXStreet News

GBP Futures: rising odds for extra consolidation

Open interest in GBP futures markets rose by around 1.8K contracts on Wednesday according to advanced figures from CME Group. On the other hand, volume shrunk by nearly 25.1K contracts amidst erratic performance.

GBP/USD upside capped above 1.2700

Cable is extending the sideline theme below 1.2700 the figure so far today. The continuation of the current pattern in prices is likely on the back of unclear trends in both open interest and volume.

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.