CFTC commitment of traders: The GBP shorts increase to highest level since May 2017

• EUR long 2K vs 11K long last week.  Longs trimmed by 9K
• GBP short 79K vs 61K short last week. Shorts increased by 18K
• JPY short 64K vs 54K short last week. Shorts increased 10K
• CHF short 18K vs 35K short last week. Shorts trimmed 17K
• CAD short 30K vs 27K short last week. Shorts increased 3K
• AUD short 68k vs 44k short last week. Shorts increased by 24K
• NZD short 32K vs 23K short last week. Shorts increased by 9K
• Prior week. 

Highlights:

• EUR position moves toward square from long.
• AUD shorts increased by a healthy 24K. The short is the largest since March 2015. The AUDUSD is trading near the week’s highs running counter to the short position
• CHF shorts continued to be trimmed. Since August 21 when the shorts bottomed at -47K.  They are now at -18K. 
• GBP shorts also increased by a decent amount as traders gear up for Brexit issues. Today those short are looking better than earlier in the week. The short position is at the largest since May 2017.