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GBP Futures: Cautiousness on the topside

CME Group’s preliminary figures for GBP futures markets noted investors trimmed their open interest positions by just 93 contracts on Wednesday, the sixth consecutive daily decline. Volume, too, went down by nearly 37K contracts.

GBP/USD still capped by 1.2500

Cable is extending the consolidative mood in the upper end of the range, always below the 1.2500 mark and amidst declining open interest and volume. That said, the cautious stance is expected to prevail for the time being while a move higher does not look imminent for the time being.

FX option expiries for Apr 2 NY cut

FX option expiries for Apr 2 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1000 649m - GBP/USD: GBP amounts 1.2
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Japan PM Abe: Will work with the local governments to tackle the coronavirus spread

Japanese Prime Minister (PM) Shinzo Abe said on Thursday, that they will work with the local governments to tackle the coronavirus spread. He further
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