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20 Feb 2020

GBP Futures: Deeper pullback lacks momentum

In light of advanced data for GBP futures markets from CME Group, investors trimmed their open interest positions by around 5.6K contracts on Wednesday while volume also went down by around 27.7K contracts.

GBP/USD stays supported near 1.2870

The negative price action in Cable on Wednesday is unlikely to extend further, as noted by shrinking open interest and volume. That said, the area of yearly lows around 1.2870 is expected to keep holding the downside for the time being.

Feb 20, 2020

GBP/USD could slip back to 1.2840 – UOB

Cable stays under pressure and could grind lower to the 1.2840 region in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour vie
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Feb 20, 2020

NZD/USD now looks to 0.6325 – UOB

The Kiwi dollar could depreciate to the 0.6320 region vs. the greenback in the near-term, noted FX Strategists at UOB Group. Key Quotes 24-hour view:
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