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

The latest Commitments of Traders data point to a modest improvement in sentiment toward the British pound. According to figures updated on 17 July 2026, CFTC GBP speculative net positions have narrowed to -71.3K from a previous reading of -87.9K.

Although positioning remains firmly in negative territory, indicating that speculative traders still hold a net short stance on the currency, the reduced magnitude of those shorts suggests some unwinding of bearish bets. The shift may reflect changing views on the UK economic outlook or interest rate expectations, but the overall data still signal caution among market participants toward sterling.