GBP futures: neutral near term

Advanced data for GBP futures markets showed open interest keeps decreasing, this time by just 943 contracts on Thursday vs. Wednesday’s final 222,151 contracts. On another hand, volume posted a small build, all according to CME Group.

GBP/USD direction remains unclear

After testing tops just below 1.3300 the figure, Cable sparked a correction lower amidst shrinking open interest and choppiness around volume, leaving the door open for a continuation of the consolidative pattern for the time being.