CME Group’s advanced data for GBP futures markets noted traders added nearly 7K contracts on Monday vs. Friday’s final 196,915 contracts. Additionally, volume rose by around 4.3K contracts.
GBP/USD points to 1.44 and above
The rally in Cable remains unabated so far today and is recording fresh post-Brexit peaks in the boundaries of the key barrier at the 1.44 mark. The up move in the pair comes on the back of a healthy uptick in open interest and volume, which adds extra conviction to the move.
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