🧮Leveraged Funds Turn Short GBP: Cable FX Macro

**As seen in IMM Positioning report 12/16/2022, cablefxm.co.uk/reports

• The week saw marginal changes in futures positioning via the COT, all reporting currencies are now short to the dollar

• One move that caught our attention was the British pound positioning by leveraged funds as it shifted to a net short, % of open interest in sterling is now -0.3%

• GBP positioning has not been net short since January