Pound Speculative Net Longs At Around 8-Week High

Published on Jun 03, 2024 14:56

Large currency speculators turned net long 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 long position of 25402 contracts in the data reported through May 28 2024. This was a weekly rise of 24349 net contracts and at its highest level in almost eight weeks.