The content here might not be relevant fo you. Would you like to visit the North America website? Speculative positioning against sterling has deepened, with GBP net shorts up by more than 40% and at their highest level since August. The increase in bearish bets points to a more negative market stance towards the currency, as traders have added to short exposure rather than covering positions. Policy signals were steady: the Bank of England kept the Bank Rate unchanged at 3.75% at its 18 September meeting, matching expectations. Sterling has also tracked broader dollar strength, weakening in line with a recent oil-driven USD rally, which has reinforced downward pressure on GBP in the near term.
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