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Markets Halve Size of GBP Net Long

FOREX
  • Markets halved the size of the GBP net long position as per last week's CFTC positioning update, trimming the outright net position from +33,683 to +15,669, accounting for close to 11% of open interest.
  • The other notable change was the improvement in the NZD net position off a 52w low of -21,272 contracts (net short) to -15,181, or 29.9% of open interest.
  • Markets trimmed longs in EUR, GBP and MXN, while reducing shorts in AUD and NZD, in data accurate as of the Tues 26th close. Full details here:
Figure 1: CFTC Positioning as of Tues 26th Sept

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