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GBP Futures: Scope for extra gains

CME Group’s preliminary data showed investors added almost 6.5K contracts to their open interest positions on Thursday, reversing the previous drop. In the same direction, volume extended the choppy activity and increased by around 94.7K contracts.

GBP/USD could now test 1.3172

The BoE’s decision to leave rates on hold on Thursday boosted the demand for the sterling and catapulted Cable well beyond the 1.3100 mark, although it closed the session just below that key barrier. That, amidst increasing open interest and volume, opens the door to a potential move to last week’s tops in the 1.3170 region.

Indonesia clinched the Direct Investment goal in 2019 – UOB

Economist Enrico Tanuwidjaja at UOB Group reviewed the Indonesian direct investment figures during the last year. Key Quotes “Indonesia booked a total
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Forex Today: Cautiously optimistic on Brexit day; Eurozone data in spotlight

Here is what you need to know on Friday, January 31: Despite travel warnings issued by the US and Japan not to take trips to China amid fast-spreading
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