FX.co ★ Sterling Bears Trim Bets as CFTC Data Show Slight Easing in Net Short Positions

Speculative traders have modestly reduced their bearish exposure to the British pound, according to the latest Commitments of Traders data released on 06 July 2026. The CFTC’s GBP speculative net positions improved to -102.1K from a previous reading of -105.7K, signaling a small but notable easing in net short positioning.

While positioning remains firmly in negative territory, the shift suggests some market participants are paring back expectations for further sterling weakness. The change in net shorts may reflect adjustments to evolving views on the UK’s economic outlook, interest-rate trajectory, or global risk sentiment, even as overall speculative sentiment toward the pound stays cautious.

This incremental move will be closely watched by currency traders, as further reductions in net short positions could indicate a gradual reassessment of downside risks for the GBP in the weeks ahead.