POUND CURRENCY SPECULATORS FURTHER REDUCE NET SHORT POSITION

Published on Feb 24, 2025 14:27

Large currency speculators extend recovery from around 9-month low and further reduce their net short position in the Pound futures, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of 579 contracts in the data reported through February 18, 2025. This was a weekly reduction of 2589 net short contracts.