CME Group’s advanced figures for GBP futures markets noted investors added nearly 28K contracts on Tuesday from Monday’s final 251,853 contracts, the first build after 4 consecutive drops. Volume, instead, dropped marginally by just 69 contracts.
GBP/USD room for a squeeze higher
Cable doji-like candle on Tuesday was accompanied by the largest daily build in open interest so far this year and irrelevant figures in volume. The Sterling remains sidelined for the time being although a bullish attempt to the 1.3100 region should not be ruled out in the near term.
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 securities. 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 Forex 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.