GBP futures: stays bearish near term
Open interest in GBP futures markets increased by almost 4.8K contracts on Wednesday from Tuesday’s final 212,470 contracts, as per advanced data from CME Group. Volume followed suit, up for another session, this time by more than 35.7K contracts.
GBP/USD keeps looking south
Following its peer, Cable also charted a bearish ‘outside day’ yesterday against the backdrop of rising open interest and volume, all allowing for further weakness in the short-term horizon and a potential new visit to 1.2516, Wednesday’s low.