As suggested in the CFTC Commitments of Traders report in the week ended December 10. NET LENGTH in USD Index dropped -1 616 contracts to 22 261. Speculative long positions slipped -428 contracts and short positions addd +1 188 contracts. Concerning European currencies, NET SHORT for EUR futures fell -1 406 contracts to 67 643. NET SHORT for GBP futures plunged -7 411 contracts to 22 639. Sterling’s recent rally has been driven by reduced uncertainty in Brexit. The market anticipates that Conservatives’ victory in the elections could lead to eventual Brexit on January 31, 2020. However, sterling could remain volatile next year as UK and EU proceed to trade negotiations.