In light of preliminary figures for GBP futures markets from CME Group, open interest rose by nearly 16.2K contracts on Wednesday from Tuesday’s final 205,778 contracts. Volume, instead, shrunk by around 63K contracts. GBP/USD remains bearish near term Following the recent weakness in the greenback, Cable is now advancing for the second straight session, regaining the 1.3300 handle and above after printing new YTD lows in the 1.3200 neighbourhood on Tuesday. The recent up move has been on the back of rising open interest while volume dropped significantly, leaving the door for a continuation of the squeeze higher albeit it should remain limited. 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 Eurozone: Inflation temporarily back to target – Nordea Markets FX Street 5 years In light of preliminary figures for GBP futures markets from CME Group, open interest rose by nearly 16.2K contracts on Wednesday from Tuesday's final 205,778 contracts. Volume, instead, shrunk by around 63K contracts. GBP/USD remains bearish near term Following the recent weakness in the greenback, Cable is now advancing for the second straight session, regaining the 1.3300 handle and above after printing new YTD lows in the 1.3200 neighbourhood on Tuesday. The recent up move has been on the back of rising open interest while volume dropped significantly, leaving the door for a continuation of the squeeze higher albeit it… 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.
