GBP futures: extra gains not ruled out
Open interest in GBP futures markets increased by more than 1.5K contracts on Thursday vs. Wednesday’s 174,633 contracts, according to flash figures published by CME Group. On the other hand, volume dropped almost 9.6K contracts.
GBP/USD: scope for a test of 1.33 and above
Cable is extending the upside at the end of the week, breaking above the 1.3200 handle amidst a pick up in open interest. The up move opens the door for a potential test of higher levels, including a visit to the critical barrier at 1.3300 the figure.