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CME Group's leading figures on the sterling forward markets, open interest rose for the second consecutive session on Monday, this time around 2.1 thousand contracts, out of a total of 198,981 contracts. Instead, the volume dropped for the fourth consecutive session of nearly 10.4K contracts.
GBP / USD next goal at 1.3000
The gradual decline of Cable was accompanied by growing interest, opening the door to a deeper retreat. However, the continuation of the downward trend in volume warns against the likely retracement.
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