Speculators made several significant position adjustments in the CFTC reporting period ending 19 July. The euro bears added to their gross short position for the fourth consecutive week and for the ninth week in the past ten. The 16.2k contract increase lifted the gross short position to 211.5k contracts, the largest since the first week of the year. Even before the poor flash UK PMI readings, speculators in the futures market slashed gross long sterling positions. The 12k-contract liquidation brought the gross long position to 28.0k contracts. The gross short position edged 2.3k contracts higher to 102.3k. The net ... (full story)