GBP futures: cautious tone poised to prevail

Pablo Piovano FXStreet

CME Group’s advanced figures for GBP futures markets noted open interest dropped by just 124 contracts on Friday vs. Thursday’s final 230,170 contracts. On the other hand, volume increased by nearly 10K contracts.

GBP/USD a test of 1.2700 stays on the cards

Cable is recovering the shine after two consecutive daily pullbacks. Friday’s retracement was in tandem with a small drop in open interest and a moderate build in volume, allowing for the continuation of the sideline theme for the time being while remaining vigilant on Brexit developments.

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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