GBP Futures: extra gains stay on the pipeline

Pablo Piovano FXStreet

CME Group’s preliminary figures for GBP futures markets showed investors trimmed their open interest positions by almost 58.5K contracts on Wednesday, the biggest drop so far this year. Volume followed suit and shrunk by nearly 1.1K contracts.

GBP/USD eyes 1.2500 and beyond

Cable keeps the trade on a choppy fashion although in the upper end of the recent range. Wednesday’s pullback was in tandem with declining open interest and volume, which allows for a potential move higher to re-visit the 1.2500 region and probably above.

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.

EUR/USD stays well offered below 1.1800

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Bitcoin has found or is near a bottom, extended consolidation to follow: K33

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Mixed UK inflation data no gamechanger for the Bank of England

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