CFTC data show United Kingdom GBP non-commercial net positions at £-71.3k, narrowing from the prior £-87.9k. The move indicates a reduced net-short stance in sterling among non-commercial traders over the latest reporting period.
Change in Sterling Positioning
While positioning remains negative, the change in the headline figure points to some short covering, or fresh long interest, relative to the previous week.
Insight into Speculative Activity
The release provides a snapshot of speculative positioning as captured by the CFTC.