Speculators Make Concerted Effort to Pick Bottom in Sterling
Speculators in the futures market increased their gross long sterling position by nearly 20% to 63.6k contracts (+11k) in the reporting week ending October 25. In mid-September the gross long position stood at 40.4k contracts. Not everyone is convinced that sterling will bounce. The bears extended their gross short sterling position by 3.4k contracts …
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