GBP futures: consolidation poised to continue

In light of advanced data for GBP futures markets from CME Group, open interest and volume dropped by around 4.7K contracts and almost 13.3K contracts, respectively on Friday from Thursday.

GBP/USD stays rangebound near term

Cable has run out of upside momentum above the critical 1.2900 the figure, and is expected to consolidate in the short-term horizon amidst shrinking open interest and volume.