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GBP Futures: upside looks limited

CME Group’s flash data for GBP futures markets showed investors trimmed their open interest positions and volume by just 143 contracts and around 3.5K contracts, respectively,  on Thursday.

GBP/USD: correction lower in the offing?

Cable’s positive price action on Thursday was in tandem with shrinking open interest and volume, showing that short covering mainly fuelled the move up. That said, a corrective pullback should not be surprising in the short-term horizon.

EUR Futures: extra rangebound not ruled out

Open interest in EUR futures markets shrunk by around 1.5K contracts on Thursday, extending the erratic performance so far this week. Volume, instead,
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UK: Retail sales to post 0.6% gain in December – TDS

Analysts at TD Securities are looking for UK’s retail sales to post a +0.6% MoM gain in December (market 0.4%), reversing their loss of the same size
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