FX.co ★ Sterling Bears Deepen Bets as CFTC Net Short GBP Positions Widen to -63.9K

Speculative traders increased their bearish bets on the British pound, with CFTC GBP net positions slipping further into negative territory to -63.9K, from a previous -60.6K. The latest data, updated on 08 May 2026, signal a modest strengthening of pessimism toward sterling in the futures market.

The widening net short position indicates that more traders are positioning for potential weakness in the pound versus major counterparts. While the shift from -60.6K to -63.9K is incremental, it suggests that sentiment among speculative participants remains skewed to the downside, reflecting ongoing caution around the UK currency.