Forex futures net speculative positions as of the close of business on Tuesday March 28, 2017:
GBP shorts were trimmed in the current week but only by 4K. It remains near record levels (last week was the record). The chart below shows the trend in net shorts for the GBP. The large position keeps the door open for a short covering rally if the market is surprised.
CFTC Commitment of Traders: GBP shorts remain near record levels. EUR near square.
