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John Wang
in
Futures
April 10 21:34

GBP futures going for a new high

Open interest is on the uptick.
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According to the data by CME Group, open interest on the GBP futures markets has gone up by 846 contracts. The growth has taken place after four straight days of falls. 
The volume has gone up by almost 12 100 contracts. 
FXstreet believes, that the recovery of the British Pound is getting boosted by the growing interest and volume. The testing of 1.25 level is not out of the picture.
Earlier the currency has been reinforced by the news concerning the health of the Prime Minister. Boris Johnson has left the intensive care and seems to be recovering.