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GBP Futures: Scope for extra losses near-term

CME Group’s flash data for GBP futures markets noted investors added around 14.5K contracts on Thursday, reaching the second build in a row. In the same line, volume increased for the third consecutive session, this time by around 12.8K contracts.

GBP/USD: Door open for a deeper pullback

Cable remains under pressure following EU-UK trade jitters. Thursday’s negative price action was on the back of rising open interest and volume, allowing for the continuation of the leg lower to, initially, 2020 lows in the mid-1.2800s.

Forex Today: Coronavirus crash boosts EUR, JPY as USD only beats minors, more carnage awaited

Here is what you need to know on Friday, February 28: The stock market sell-off has worsened as major US indices fell over 4% on Thursday and over 10%
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GBP/USD now looks to 1.2820 – UOB

Cable could slip back to the 1.2820 region if it clears 1.2850, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yester
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