GBP futures: room for extra upside
FXStreet News

GBP futures: room for extra upside

FX Street
Updated:

CME Group’s advanced figures for GBP futures markets saw open interest rising by just 323 contracts on Thursday vs. Wednesday’s final 173,440 contracts. In the same direction, volume rose by almost 48.2K contracts, reverting the previous small drop.

GBP/USD now looks to 1.3300 and above

Cable‘s ongoing recovery comes in tandem with a small uptick in open interest and a sharp build in volume, opening the door for an extension of the current recovery further north of the 1.3300 milestone. The recent hawkish tone from the BoE keeps fuelling the momentum in GBP although Brexit concerns keep lingering.

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.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2023