Political uncertainty in the UK prompts investors to aggressively short the British pound

Golden Ten Data June 29 news, according to foreign media reports, after Starmer resigned as UK Prime Minister, market attention has shifted to: whom potential successor Burnham will choose as Chancellor of the Exchequer, and the future direction of fiscal policy. Political uncertainty has already been reflected in investor positions. According to the latest weekly data from the US Commodity Futures Trading Commission (CFTC), investors currently hold short positions in GBP worth $8.72 billion, the largest scale since May 2015, when a historic record of $9.567 billion was set.