GBP futures: upside appears limited

In light of CME Group’s advanced data for GBP futures markets, open interest decreased by just 632 contracts on Monday from Friday’s final 227,806 contracts. In the same direction, volume shrunk significantly by more than 85.2K contracts.

GBP/USD near term top at 1.3298?

Cable’s recent price action coupled with diminishing open interest and volume reinforces the idea that a short-term peak could be located at recent tops just below 1.3300 the figure.