Pound Speculators Continue To Trim Net Long Positions

Published on Jan 01, 2024 11:15

Large currency speculators continued to trim their net long positions in the Pound futures market, 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 14092 contracts in the data reported through December 26, 2023. This was a weekly decrease of 5834 net contracts. Pound speculators turned net long in December after staying net short for two months.