GBP Futures: Rebounds could extend further

Open interest in GBP futures markets went up by 2.1K contracts on Wednesday, reaching the second session in a row according to preliminary readings from CME Group. Volume, instead, prolonged the choppy performance and shrunk by 18.6K contracts.

GBP/USD remains capped by the 200-day SMA

Cable is extending the rebound from recent lows amidst increasing open interest, which remains supportive of extra gains in the near term. Erratic activity in volume, however, could leave the upside somewhat limited.

Apr 23, 2020

UK economy set for the biggest quarterly contraction since World War 2 – Reuters poll

According to the latest Reuters poll, the UK GDP is likely to contract sharply in the first quarter of 2020, as the coronavirus pandemic weighs heavil

Gold Price Analysis: Horizontal line near $1,719/20 guards immediate upside

Gold remains on the recovery mode from the intraday low around $1,707 to currently near $1,716 during the early Thursday. Even so, the bullion remains