💱UK Pound Sterling/US Dollar FX Spot Rate
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Pound net shorts jumped over 40% to highest since August as sterling tracks an oil-led dollar rally, with BoE holding rates unchanged.
Rabobank reports that net short positions in the pound have risen by more than 40%, reaching their highest level since August. The build-up in bearish positioning comes as sterling tracks an oil-led rally in the US dollar. Separately, the Bank of England left its Bank Rate unchanged at 3.75% on September 18, a decision that matched market expectations.
Pound net shorts jumped over 40% to highest since August as sterling tracks an oil-led dollar rally, with BoE holding rates unchanged.
BoE held Bank Rate at 3.75% as expected, offering no new directional signal for gilt yields; article focuses on sterling positioning.