GBP futures: dips appear shallow

Investors trimmed their open interest positions by almost 4.4K contracts on Thursday from Wednesday’s final 202,157 contracts, according to preliminary readings from CME Group. Volume followed suit, down by around 2.8K contracs.

GBP/USD sees support in the mid-1.3000s

Cable is grinding lower at the end of the week, but the down move was in tandem with declining open interest and volume, hinting at the likeliness that a sustainable move lower seems unlikely.