GBP Futures: further upside looks limited

CME Group’s advanced data for GBP futures markets noted open interest and volume dropped by nearly 2K contracts and around 9.3K contracts, respectively, on Tuesday, extending the ongoing downtrend.

GBP/USD risks a deeper correction

Further gains in Cable looks unconvincing for the time being amidst shrinking open interest and volume. That said, immediate contention still emerges near 1.2300, coincident with the 55-day SMA, while rallies are expected to falter in the low-1.2500s.

Sep 18, 2019

UK: Core CPI likely to slip to 1.7% – TD Securities

Analysts at TD Securities, are seeing the UK’s downside risks to today's inflation data for August. Key Quotes “We look for core CPI to slip to 1.7% y

Brent technical analysis: 200-day EMA exerts downside pressure towards $63.15/10

Irrespective of Brent’s latest bounce off $64.20, the black gold remains below the 200-day exponential moving average (EMA) while taking rounds to $64.60.