Pound Speculators Net Long Positions Continue To Rise

Published on Jan 15, 2024 13:49

Large currency speculators net long positions in the Pound futures market continued to climb, 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 20,734 contracts in the data reported through January 09 2024. This was a weekly increase of 5529 net contracts. Pound speculators turned net long in December after staying net short for two months.