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Markets Build GBP Net Long as GBP/USD Tests 1.2800

CFTC
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  • Markets built a net long GBP position having been neutral in the prior week. Traders added a net 24k contracts to put the position at +9% of open interest. GBP marked the biggest outright change in positioning for the week-ending May 28th.
  • While the CAD net short retreated from a 52w low of -48.7%, the Z-score remained among the most negative of the currencies surveyed at -1.2 (only surpassed by JPY's -1.4 and CHF's -1.9).
  • Markets maintained the net long EUR, NZD and MXN position, while holding net short of JPY, AUD, CAD and CHF.
  • Full update here:

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  • Markets built a net long GBP position having been neutral in the prior week. Traders added a net 24k contracts to put the position at +9% of open interest. GBP marked the biggest outright change in positioning for the week-ending May 28th.
  • While the CAD net short retreated from a 52w low of -48.7%, the Z-score remained among the most negative of the currencies surveyed at -1.2 (only surpassed by JPY's -1.4 and CHF's -1.9).
  • Markets maintained the net long EUR, NZD and MXN position, while holding net short of JPY, AUD, CAD and CHF.
  • Full update here: