Speculative net positions against the pound, which hit a two-year low this summer

£60,000

30,000

0

-30,000

-60,000

-90,000

-120,000

2016

2017

2018

2019

£60,000

30,000

0

-30,000

-60,000

-90,000

-120,000

2016

2017

2018

2019