CME Group’s advanced figures for GBP futures markets noted investors scaled back their open interest positions by just 148 contracts on Friday. Despite it was a small drop, it was the third one in a row. On the other hand, volume increased for the second consecutive session, now by around 66.8K contracts. GBP/USD now looks to the 200-day SMA above 1.27 Cable has briefly surpassed the 1.27 handle on Friday – where sits the key 200-day SMA – amidst rising volume and declining open interest. That said, while price action around the Sterling is expected to remain volatile due to Brexit developments, shrinking open interest could lead to the loss of some upside pressure in the near term. 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 Ripple price prediction: XRP/USD breaks free from triangle pattern – XRP confluence FX Street 4 years CME Group's advanced figures for GBP futures markets noted investors scaled back their open interest positions by just 148 contracts on Friday. Despite it was a small drop, it was the third one in a row. On the other hand, volume increased for the second consecutive session, now by around 66.8K contracts. GBP/USD now looks to the 200-day SMA above 1.27 Cable has briefly surpassed the 1.27 handle on Friday - where sits the key 200-day SMA - amidst rising volume and declining open interest. That said, while price action around the Sterling is expected to remain volatile due to… 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.
