FX.co ★ Speculators Trim Net Short Bets on Pound as CFTC Data Shows Bearish Positions Ease

CFTC data released on 05 June 2026 show that speculative traders have reduced their net short positions on the British pound, signaling a modest shift in sentiment toward the UK currency. Net speculative GBP positions improved to -52.2K contracts, up from a previous reading of -61.4K.

While positioning remains firmly in negative territory, the move indicates that some market participants are paring back bearish bets against sterling. The smaller net short suggests that investors may be reassessing the downside potential for the pound, even as overall sentiment continues to lean cautious.

The change in positioning will be closely watched by currency traders and analysts, as shifts in speculative flows often provide an early read on evolving expectations for the UK’s economic outlook, interest-rate path, and relative performance against major peers in the FX market.