FX Futures Positioning: GBP Shorts Hit Records as USD Rally Slows
Key takeaways
- COT report shows GBP shorts at record levels while USD rally shows signs of slowing.
- This comes as sterling sets up for a strong week against the euro despite UK political developments.
AI insight — what it means
The report shows traders have placed heavy bets against the British pound reaching record levels. Meanwhile the US dollar's upward move appears to be easing which could influence how the pound trades versus the dollar.
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