GBP futures: up move looks exhausted
|In light of CME Group’s advanced data for GBP futures markets, investors scaled back their open interest positions by around 1K contracts on Friday vs. Thursday’s final 214,787 contracts. In the same line, volume dropped by nearly 12.1K contracts.
GBP/USD faces key week, 1.30 caps the upside
The recent up move in Cable was in tandem with declining open interest and volume, hinting at the likelihood that extra gains could lose some momentum in the next sessions. In the meantime, Brexit negotiations face a key day as PM T.May is expected to deliver a ‘Plan B’.
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.