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CoT Report Takes Positive View on GBP

CFTC

Friday's CFTC CoT update showed market built the net GBP position by the largest margin, with the market switching to small net long (3.5% of OI) from small net short previously. The shift was equivalent to close to 14,000 contracts and sees GBP positioning shift into the upper end of the 52w range.

  • Elsewhere, markets added AUD, CAD, and EUR while the net position in CHF and MXN fell.
  • Full update here:

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