GBP futures: scope for extra upside

According to preliminary figures for GBP futures markets from CME Group, investors added more than 2.1K contracts to their open interest positions on Tuesday vs. Monday’s final 226,704 contracts, recording the second consecutive build.

GBP/USD looks to Brexit as exclusive catalyst

Brexit headlines continue to have a positive effect on the sentiment surrounding the Sterling, as showed by the sharp increase in volume, while open interest continued to build up. That said, further gains in Cable remain in the pipeline with immediate target at last week’s peak at 1.3176.