GBP futures: door open for further upside

Open interest in GBP futures markets rose for the second session in a row on Friday, this time by more than 3.2K contracts, according to advanced data from CME Group. In the same line, volume rose once again by around 7.8K contracts.

GBP/USD looks to Brexit

Cable is adding to Friday’s gains sustained by rising open interest and volume. Despite the apparent break in Brexit news, GBP/USD remains vigilant and well supported around the critical 1.3000 neighbourhood, with the next hurdle at the 21-day SMA in the 1.3120 region.