03.04.202619:30:00UTC+00Sterling Shorts Narrow as CFTC Data Shows Moderating Bearish Bets on GBP

Speculative traders trimmed their net short positions in the British pound in the latest reporting period, signaling a modest easing in bearish sentiment toward sterling. According to CFTC data updated on 03 April 2026, GBP speculative net positions improved to -52.7K, compared with a previous reading of -58.4K.

The shift indicates that while markets remain net short on the pound, some investors are scaling back their downside exposure. The reduction in bearish bets may reflect changing views on the UK economic outlook or interest rate trajectory, but overall positioning still points to a cautious stance toward sterling in global currency markets.