GBP Futures: further sideline trade on the cards
|Open interest in GBP futures markets rose for the third consecutive session on Thursday, now by almost 4.3K contracts according to flash data from CME Group. Volume followed suit and rose by nearly 20K contracts, prolonging the choppy activity.
GBP/USD appears consolidative above 1.2400
Cable is seen extending the consolidation above recent lows in the 1.2400 neighbourhood amidst rising open interest and volume coupled with the lack of a clear direction in prices.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.