Weekly positioning data from the CFTC for Forex futures as of the close on June 7

  • EUR short 67K vs 38K short prior week
  • GBP short 66K vs 33K short prior week.
  • JPY long 43K vs 15K long prior week
  • CAD long 22KK vs 26K long prior week
  • CHF -10K vs square per week
  • AUD 16K short K vs 5K short prior week
  • NZD long 9K vs 5.5 K Long prior week

There were increased buying of the US against the EUR (shorts in EUR increased by 29K), GBP (shorts in GBP increased by 33K) AUD (shorts in AUD increased by 11K).

Meanwhile longs in JPY increased by 28K.

GBP short position is the largest in 3 years. It comes ahead of the Brexit vote which has seen the "leave" gains some momentum in the polls.