CFTC Commitments of Traders report: GBP shorts trimmed but not as much as you might think

Forex futures positioning data for the week ended Tuesday, December 10:
The big shifts recently have been paring GBP and NZD shorts. Those trends both continued this week but at a slower pace than you might have expected given the rallies in both. Next week’s data will capture the UK election and that should be instructive.