GBP futures: scope for a squeeze higher

Advanced figures for GBP futures markets from CME Group noted open interest rose by around 4.8K contracts on Friday from Thursday’s final 210,152 contracts. In the same line, volume rose for the second session in a row, this time by more than 27.1K contracts.

GBP/USD could attempt another test of 1.3200

Cable’s up move on Friday was on the back of rising open interest and volume, opening the door for  a potential move higher in the near term with the immediate hurdle at late-September peaks beyond 1.3200 the figure.