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Jul 27 - 02:55 AM

GBP/USD - IMM Speculators Raise Exposure To Sterling By 7.5%

By Rob Howard  —  Jul 27 - 02:05 AM
  • IMM speculators upped GBP exposure by 7,604 contracts in week to July 21

  • Gross GBP shorts up 4,549 to 61,310; gross GBP longs up 3,055 to 46,230

  • Bigger increase in gross shorts vs longs raised net GBP short position

  • See: nL2N2EV1JF. IMM speculators have been net GBP short for three months

  • Pound had its best week vs USD since early June last week nL5N2EV2VB

  • GBP/USD scaled a four-and-a-high month peak of 1.2858 in Asia nL2N2EY03V

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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