TREE NEWS reports: Bank of America’s October fund manager survey found the month-on-month drop in euro positioning was the largest on record, with strategists led by Ralf Preusser writing Friday that euro sentiment and positioning have fallen sharply back into bearish territory after turning bullish in September. Sterling positioning and sentiment remain near recent bearish levels. The survey ran Oct. 2-7 with 34 respondents.
BofA Survey: Investors Cut Euro FX Exposure by Record Margin
AI take
The striking part is the speed of the swing: euro sentiment flipped from bullish to bearish within a single survey cycle, and the positioning drop set a record in a sample of only 34 respondents — a small base for a headline-grabbing claim. Sterling's entrenched bearishness alongside it suggests the move is less a euro-specific story than a broader re-rating of European currencies. Whether the next survey confirms this as a trend or a one-month distortion is the open question.
Generated by AI for reference only.
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