fxstreet.com 22 Feb, 2021 11:45 am

GBP net longs climbed to multi-month highs

GBP net longs climbed to multi-month highs
These are the main highlights of the CFTC Positioning Report for the week ended on February 16th: Net longs in the British Pound rose for yet another

These are the main highlights of the CFTC Positioning Report for the week ended on February 16th: Net longs in the British Pound rose for yet another week and increased to levels last seen in early March 2020.Speculators kept the positive view on the EUR well and sound, although net longs eased marginally to 2-week lows.Higher yields in the US bond markets impacted on the price of the ounce troy of Gold , prompting speculators to reduce their net longs to levels last seen back in September 2020.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

It also does not guarantee that this information is of a timely nature.In fact, the positive momentum of the sterling remains underpinned by the shrinking probability that the BoE could cut rates into the negative territory in the near-term.

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