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πŸ‡¬πŸ‡§ GBP shorts swell to crisis-era levels as UK calendar stays bare

πŸ‡¬πŸ‡§ GBP shorts swell to crisis-era levels as UK calendar stays bare

Speculative traders are net short GBP by βˆ’102.1K contracts, per US Commodity Futures Trading Commission data, a level last seen during the 2022 gilt crisis and the 2016 Brexit vote, even as the UK calendar produced no CPI, GDP, or Bank of England commentary this week.

Multi-panel COT chart showing large speculator net exposure as % of open interest for currencies including GBP, plus percent rank table.
CFTC positioning data places GBP speculative net positions at -102.1K, underscoring subdued sentiment in sterling markets during a quiet stretch with no new domestic catalysts. Source

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