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EUR loses net shorts, GBP net positions turn short – Rabobank

EUR net short positions have increased, driven by an increase in short positions. GBP net positions have turned short for the first time since May 2024, driven by a decrease in long positions, Rabobank's FX analysts jane Foley and Molly Schwartz note.

GBP has strengthens against USD

"The EUR has performed well vs. the USD in the month-to-date as of January 26th, supported by short-covering. The market is pricing in a 25bp ECB cut at the January 30th meeting."     

"GBP has strengthened against USD after hitting one-year lows on January 13th, with GBP/USD now trading at 1.2455. The market is pricing in 93% of a 25bp cut at the February 6th BoE meeting."

CAD and AUD shorts decrease – Rabobank

Canadian Dollar (CAD) net short positions have decreased for the second week in a row, driven by a decrease in short positions.
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WTI gains ground near $74.00 as Trump reverses tariff threats on Columbia

West Texas Intermediate (WTI), futures on NYMEX, gains a firm-footing near $74.00 in Monday’s European session.
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