Observable currents are locally defined gauge invariant conserved currents; physical observables may be calculated integrating them on appropriate hypersurfaces. Due to the conservation law the hypersurfaces become irrelevant up to homology, and the main objects of interest become the observable currents them selves. Gauge inequivalent solutions can be distinguished by means of observable currents. With the aim of modeling spacetime local physics, we work on spacetime domains $Usubset M$ which may have boundaries and corners. Hamiltonian observable currents are those satisfying ${sf d_v}F=-iota_VOmega_L+{sf d_h}sigma^F$ and a certain boundary condition. The family of Hamiltonian observable currents is endowed with a bracket that gives it a structure which generalizes a Lie algebra in which the Jacobi relation is modified by the presence of a boundary term. If the domain of interest has no boundaries the resulting algebra of observables is a Lie algebra. In the resulting framework algebras of observable currents are associated to bounded domains, and the local algebras obey interesting gluing properties. These results are due to considering currents that defined only locally in field space and to a revision of the concept of gauge invariance in bounded spacetime domains. A perturbation of the field on a bounded spacetime domain is regarded as gauge if: (i) the first order holographic imprint that it leaves in any hypersurface locally splitting a spacetime domain into two subdomains is negligible according to the linearized gluing field equation, and (ii) the perturbation vanishes at the boundary of the domain. A current is gauge invariant if the variation in them induced by any gauge perturbation vanishes up to boundary terms.
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