GBP Futures: Upside loses momentum

CME Group’s flash data for GBP futures markets saw open interest retreating for the fourth consecutive session on Wednesday, this time by just 159 contracts. In the same line, volume shrunk by nearly 26.3K contracts, reversing the previous build.

GBP/USD faces strong hurdle at 1.25

Wednesday’s uptick in Cable was amidst declining open interest and volume, hinting at the idea that extra gains look somewhat limited, at least in the near term. In this regard, the 1.2500 area still remains a tough barrier for the time being.

Apr 9, 2020

Forex Today: Guide to six critical coronavirus-linked market movers, fasten your seat belts

Here is what you need to know on Thursday, April 9: The market mood remains cautiously optimistic in what seems like the "calm before the storm." The

Italy said to extend lockdown by two weeks – La Stampa

Italy’s daily newspaper, La Stampa, reports on Thursday, the government is reportedly said to extend the lockdown by two weeks. The coronavirus outbre