GBP futures: further choppiness in the pipeline

CME Group’s advanced figures for GBP futures markets noted open interest went down by more than 2K contracts on Wednesday from the previous day. In the same line, volume dropped by around 17.7K contracts.

GBP/USD scope for extra rangebound

Cable is extending the bounce off last week’s lows amidst erratic performance in both open interest and volume. Always looking to Brexit developments as the main driver, GBP/USD is expected to trade within familiar ranges in the short-term horizon.