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GBP Futures: Further downside not ruled out

In light of advanced data for GBP futures markets from CME Group, investors added more than 15K contracts to their open interest positions on Friday, recording the third consecutive build. In the same line, volume went up by nearly 58.1K contracts, clinching the fourth increase in a row.

GBP/USD looks supported near 1.2700

Cable’s negative price action on Friday was accompanied by rising open interest and volume, opening the door for extra losses in the next sessions. Against this backdrop, the 200-day SMA in the 1.2700 neighbourhood is expected to hold the selling impetus, at least in the short-term horizon.

Australian financial regulators hold emergency call on coronavirus – Reuters

Citing sources familiar with the matter, Reuters reported that Australia's financial regulators scheduled an emergency call on Monday to discuss the i
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GBP/USD risks a deeper pullback in the near-term – UOB

Cable remains under pressure and risks extra retracements in the near-term, according to FX Strategists at UOB Group. Key Quotes 24-hour view: “The su
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