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GBP net short positions rise as the pound tracks oil-led USD rally
Rabobank said GBP net short positions rose more than 40% to their highest since August, while the Bank of England left its rate unchanged at 3.75% on September 18.
Rabobank highlighted that GBP net short positions have risen by more than 40% to their highest level since August.
The bank also noted that the Bank of England kept its Bank Rate unchanged at 3.75% on September 18, matching market expectations.
According to FXStreet, the pound has weakened alongside an oil-led US dollar rally, a move that Rabobank linked to negative speculative sentiment toward GBP.
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