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Trading news
14 Aug 2017
GBP futures: further rangebound likely
In light of Friday’s preliminary figures published by CME Group, open interest in GBP futures markets decreased by almost 400 contracts vs. Thursday’s final reading, while volume rose significantly by almost 30.7K contracts.
GBP/USD sidelined around 1.3000
The activity in GBP futures markets remains choppy, while Cable appears consolidative around 1.3000 the figure since the rejection from fresh cycle peaks near 1.3270. Decent contention should stay around 1.2930, while gains remain so far limited around 1.3030/50.
