GBP futures: bullish sentiment persists

In light of preliminary figures for GBP futures markets from CME Group, open interest increased for the second straight session on Thursday, this time by more than 13.4K contracts vs. Wednesday’s final 184,907 contracts. Volume rose as well, up by more than 19K contracts and at the same time reverting the previous decrease.

GBP/USD door open for a visit to 1.3658

Cable’s rally remains unabated for the time being, sustained by rising open interest and volume. The bullish note around the pair is poised to continue, at least in the near term, allowing at the same time for a potential test of the 2017 peaks in the 1.3660 region seen back in September.