FX.co ★ Speculators Deepen Bearish Bets on Pound as Net Shorts Hit -60.6K

Speculative sentiment toward the British pound deteriorated further, with traders expanding their net short positions according to the latest CFTC data updated on 01 May 2026. Net speculative GBP positions fell to -60.6K contracts, down from a previous level of -52.0K.

The widening negative balance signals that investors have become more bearish on sterling, increasing their bets against the currency. The move from -52.0K to -60.6K underscores growing skepticism among market participants about the pound’s near‑term outlook, as short positions continue to build in the futures market.