Interbank and Prime Broker positioning update: Cable set for some profit-taking?
- EUR shorts at lowest levels in 1 year.
- USD shorts increased to near record levels (only 5% of time is market running shorts of this size).
- GBP longs also reaching record levels.
- JPY positioning flipped from long to short in last 2 weeks as market piles into crosses like EUR/JPY and GBP/JPY.
(Information sourced from 4 large banks and Prime Brokers).