GBP futures: cautious ahead of Brexit votes

Pablo Piovano FXStreet

Open interest in GBP futures markets increased modestly for the second straight session on Wednesday, while volume extended the uptrend for yet another session, this time expanding by around 76.1K contracts, according to flash data from CME Group.

GBP/USD still capped by 1.3300

Volatility is the name of the game around Cable for the time being, and it is expected to remain so in light of the upcoming key Brexit votes in the next couple of days. In the meantime, the stance around GBP/USD stays cautious while extra gains are seen facing strong hurdle in the 1.3300/50 band.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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