According to a survey of fund managers conducted by Bank of America in October, the month-on-month decline in euro positions was the biggest on record. In a report released on Friday, strategists such as Ralf Preusser wrote: “The popularity and positions of the euro exchange rate have clearly declined sharply, and it has once again entered a bearish zone.” They said that in the last round of surveys in September, position conditions had turned bullish. The strategist also stated, “The position and sentiment of the pound exchange rate continue to hover near the bearish levels seen in recent months.” 40% of investors believe that the interest rate spread between 10-year French treasury bonds and German treasury bonds is a reasonable value at 100 basis points, which is higher than the previous 85 basis points. The Bank of America survey was conducted from October 2 to 7, and a total of 34 fund managers responded.

According to a survey of fund managers conducted by Bank of America in October, the month-on-month decline in euro positions was the biggest on record. In a report released on Friday, strategists such as Ralf Preusser wrote: “The popularity and positions of the euro exchange rate have clearly declined sharply, and it has once again entered a bearish zone.” They said that in the last round of surveys in September, position conditions had turned bullish. The strategist also stated, “The position and sentiment of the pound exchange rate continue to hover near the bearish levels seen in recent months.” 40% of investors believe that the interest rate spread between 10-year French treasury bonds and German treasury bonds is a reasonable value at 100 basis points, which is higher than the previous 85 basis points. The Bank of America survey was conducted from October 2 to 7, and a total of 34 fund managers responded.