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🧮IMM Positioning: GBP Leveraged Funds Net Long Trimmed

Writer's picture: Rosbel DuránRosbel Durán

**As seen in IMM Report 10/21/22, subscribe at cablefxm.co.uk/reports

  • Changes were marginal this week, the CFTC's COT report showed the net long dollar position held by leveraged funds decline by a bit, dollar positioning remains near its 5-yr average

  • The largest uptick moves were seen in antipodes, both trimmed net shorts as % of open interest moved by more than 4pp to -10.3% in the AUD and -16.3% in the NZD

  • Leveraged funds remain long sterling contracts, however, this week saw the % of OI drop to 3.5% from 5.9%, this is close to the 5-yr average.

  • Sterling is the only currency contract to be held net long by leveraged funds, positioning has not been net short since January






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