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CME Group’s flash data for GBP futures markets saw open interest retreating for the fourth consecutive session on Wednesday, this time by just 159 contracts. In the same line, volume shrunk by nearly 26.3K contracts, reversing the previous build.

GBP/USD faces strong hurdle at 1.25

Wednesday’s uptick in Cable was amidst declining open interest and volume, hinting at the idea that extra gains look somewhat limited, at least in the near term. In this regard, the 1.2500 area still remains a tough barrier for the time being.