GBP futures: extra consolidation likely

Pablo Piovano FXStreet

Thursday’s final 215,233 contracts, according to CME Group. On the flip side, volume shrunk by around 14.5K contracts after three consecutive builds.

GBP/USD well supported around 1.30

Choppy activity in open interest and volume prompts Cable to extend its ongoing rangebound theme while it remains well contained around the 1.3000 neighbourhood.

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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