GBP futures: further rangebound expected

Open interest in GBP futures markets rose by 475 contracts on Monday from Friday’s final 189,445 contracts, according to advanced figures from CME Group. On the other hand, volume went down by almost 11.7K contracts.

GBP/USD within the familiar range

Cable keeps the neutral stance for the time being against the recent backdrop of shrinking volume and rising open interest, leaving the door open for a continuation of the sideline theme in the near term.

Jul 31, 2018

GBP/USD stays sidelined so far – UOB

Cable’s near term stance keeps pointing to a continuation of the rangebound theme, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “

China's Politburo: China to continue deleveraging at measured pace

The Standing Committee of the Central Political Bureau of the Communist Party of China, known as the Politburo, was out on the wires in the last hour,