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GBP futures: diminished odds for further decline

According to CME Group’s flash data, open interest in GBP futures rose by a meagre 91 contracts on Thursday vs. Wednesday’s final 208,134 contracts, recording the third consecutive increase at the same time. Furthermore, Volume decreased by more than 19K contracts.

GBP/USD faces some consolidation near term

Price action around Cable keeps showing some reluctance to break below recent lows in the mid-1.2900s for the time being, while the decline in open interest stays far from significant so far.

All in all, spot remains directionless in the near term, probably waiting for a stronger catalyst either from the domestic front (UK politics, Brexit) or overseas (USD-dynamics, CPI).

GBP/USD rejected near 1.30 handle, drops to fresh session low

The GBP/USD pair surrendered all of its early gains to the key 1.30 psychological mark and dropped to fresh session lows during the early European ses
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Turkey Current Account Balance above expectations ($-3.9B) in June: Actual ($-3.763B)

Turkey Current Account Balance above expectations ($-3.9B) in June: Actual ($-3.763B)
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