FX Positioning: COT Update from Oct 26

CFTC positioning data for the week ending 26 October showed that CAD net positions turned positive for the first time since the end of summer. GBP saw a big increase in net positions ahead of BOE meeting next week. Traders continue to bet on a weaker JPY which remains the most bearish currency in the market.

Watch the weekly video with our analysis of the latest COT report.