What a week for GBP. The carnage continued and was topped up by a massive flash crash in GBP. The Pound collapsed against all major currencies during the Asian session last Friday. It still has not recovered all losses. This report shows that speculators added a massive 18,441 new short orders before the flash crash last Friday. Let’s do some maths here: Speculative positions in $$$ two days before the flash crash: Added 18,441 shorts @ $62.500 per contract = $1.152 Trillion Added 8,583 longs @ $62.500 per contract = $536 Billion TOTAL AMOUNT OF GBP FUTURES SOLD = $616 Billion Historically speaking - this is an extremely big order just before the currency collapsed. Did they do it?
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