Pound Speculators Continue To Increase Net Short Positions

Published on Oct 30, 2023 14:08

Large currency speculators continued to increase their net short positions in the Pound futures market last week, 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 18,636 contracts in the data reported through October 24, 2023. This was a weekly rise of 7427 net contracts. Speculators have turned bearish since similar levels attained in April this year after being most bullish in a decade during mid July.