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GBP futures: further consolidation on the cards

In light of advanced figures for GBP futures markets from CME Group, investors added around 6K contracts to their open interest positions on Tuesday from Monday’s final 213,403 contracts, clinching the third straight build. Volume followed suit, up by nearly 63K contracts and extending at the same time the choppy performance.

GBP/USD volatile and looking to Brexit

As expected, volatility around Cable has intensified as of late amidst rising uncertainty around the Brexit negotiation. This scenario is likely to continue for the foreseeable future, leaving the price action around GBP/USD as unclear.

USD/CAD trapped just below 1.3300 as crude prices push pair along

USD/CAD is now cycling tightly around 1.3270, consolidating in early Wednesday action after dipping into 1.3180 to end Tuesday's trading. Oil prices
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EUR/GBP to stay in the 0.88-0.9060 range – Danske Bank

Mikael Olai Milhøj, senior analyst at Danske Bank, suggests that EUR/GBP price actions resemble a ‘buy the rumour sell the fact’ as it declined despit
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