The Pound to Euro exchange rate (GBP/EUR) has made further gains on Monday and traded at 10-day highs just above the 1.1700 level. The Pound to Dollar exchange rate (GBP/USD) has managed to hold above the 1.2500 level and traded around 1.2525 from 1.2550 highs. Overall risk conditions remained positive for the Pound with the UK FTSE 100 index posting a fresh record high. The latest COT data, released by the CFTC, recorded a sharp adjustment in Sterling positions with a short, non-commercial position of over 26,000 contracts compared with a long position of over 8,000 the previous week. This was the largest short ... (full story)