CME Group’s advanced data for GBP futures markets showed open interest shrunk by 836 contracts on Thursday vs. Wednesday’s final 212,426 contracts. Volume, instead, rose by nearly 6.1K contracts.
GBP/USD now targets 1.3300
Cable remains bid above the 1.3200 handle amidst choppy performance in open interest and volume. That said, while some consolidation is likely in the near term, a move to the 1.3300 handle should not be ruled out.
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