GBP futures: unclear direction poised to persist

CME Group’s flash figures for GBP futures markets noted open interest rose by just 556 contracts on Wednesday from the previous session, while volume rose significantly by nearly 41.3K contracts for the first time after three consecutive drops.

GBP/USD neutral, always looking at Brexit

Cable is extending the sideline theme around the 1.3200 handle so far this week amidst erratic activity in both open interest and volume. That said, further consolidation is expected to continue while focus remains exclusively on Brexit negotiations.