GBP futures: rising odds for a move higher

Open interest in GBP futures markets rose by nearly 2.6K contracts on Monday from the previous session, reverting seven consecutive daily drops according to preliminary figures from CME Group. Volume rose for the third session in a row, this time by nearly 86K contracts, the largest daily build so far this year.

GBP/USD focused on 1.3300 and beyond

Cable continues its march north for another session today on the back of rising open interest and volume. That said, another test of recent 2019 highs above 1.3300 the figure cannot be ruled out in the near term.