Open interest in GBP futures markets rose again on Wednesday, this time by around 2.1K contracts according to flash data from CME Group. In the same line, volume went up by the second consecutive session, now by nearly 8.3K contracts.
GBP/USD on its way to 1.30?
The rally in Cable looks well and sound for the time being and remains well underpinned by rising open interest and volume. That said, and always on the back of positive Brexit headlines, GBP/USD is expected to remain bid and advance further in the short-term horizon.
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 assets. 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 Open Markets 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.