Open interest in GBP futures markets dropped by more than 3K contracts on Friday following two consecutive builds, according to flash data from CME Group. In the same line, volume shrunk by around 57.1K contracts, prolonging the choppy activity. GBP/USD moved into a consolidative phase Cable‘s recent price action is far from pointing to a clear direction amidst declining open interest and erratic volume. That said, further consolidation looks likely in the short-term horizon, always tracking the developments from the Brexit front. 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 The cryptocurrency market update: Bitcoin (BTC) depressed, XRP goes ballistic FX Street 3 years Open interest in GBP futures markets dropped by more than 3K contracts on Friday following two consecutive builds, according to flash data from CME Group. In the same line, volume shrunk by around 57.1K contracts, prolonging the choppy activity. GBP/USD moved into a consolidative phase Cable's recent price action is far from pointing to a clear direction amidst declining open interest and erratic volume. That said, further consolidation looks likely in the short-term horizon, always tracking the developments from the Brexit front. 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.
