GBP Futures: Outlook remains neutral/bearish

CME Group’s preliminary data for GBP futures markets noted investors reversed seven consecutive daily pullbacks and rose by just 592 contracts on Thursday. In the same line, volume prolonged the erratic performance and rose by only 506 contracts.

GBP/USD remains consolidative below 1.2500

Cable is extending the side-lined trading for yet another session on Friday. Rising open interest and volume leave the scenario for extra rangebound unchanged for the time being, always navigating below the key barrier at 1.2500 the figure.