Pound Speculators Turn Net Short

Published on Apr 29, 2024 16:26

Large currency speculators in the Pound futures turned net short for first time in around 5 months, 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 -26233 contracts in the data reported through April 23 2024. This was a weekly fall of 34852 net contracts and is at its lowest level since November last year.