GBP futures: recovery could extend further

Pablo Piovano FXStreet

CME Group’s advanced data for GBP futures markets noted open interest rose by almost 2K contracts on Thursday vs. Wednesday’s final 235,336 contracts. Volume followed suit, up by around 62.1K contracts, partially reverting the previous draw.

GBP/USD upside could regain 1.2800

Cable’s positive performance on Thursday was on the back of rising open interest and volume, allowing for a potential visit of the key barrier at 1.2800 the figure in the short-term horizon.

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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