GBP futures: upside gathers more traction

CME Group’s preliminary figures for GBP futures markets showed investors added more than 9.4k contracts to their open interest positions on Thursday vs. Wednesday’s final 185,513 contracts.

GBP/USD now targets 2018 tops

Cable’s rally appears to be picking up further pace and stays poised to challenge YTD peaks in the mid-1.4300s in the near term. A healthy increase in open interest and recent uptick in volume confirms this view.