Rabobank: GBP Net Shorts Jump Over 40% to Highest Since August

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Summary · why it matters

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.

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BoE held Bank Rate at 3.75% as expected, offering no new directional signal for gilt yields; article focuses on sterling positioning.