SPECULATIVE NET LONGS IN POUND FUTURES CONTINUE TO HOVER AT OVER 10 YEAR HIGH

Published on Jul 29, 2024 12:36

Large currency speculators continued to increase net long position in the Pound futures to their highest level in more than 10 years, 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 142,183 contracts in the data reported through July 23, 2024. This was a weekly increase of 9281 net contracts.