2026.04.1019:30:00UTC+00Speculators Deepen Net Short Bets on Pound as CFTC Data Shows Rising Bearishness

Bearish sentiment toward the British pound has intensified, according to the latest Commitments of Traders data from the U.S. Commodity Futures Trading Commission (CFTC). As of 10 April 2026, speculative net positions in GBP futures have fallen further into negative territory, reaching -56.4K, compared with a previous reading of -52.7K.

The widening net short position suggests that traders are increasingly positioned against the pound, reflecting growing caution or pessimism over the UK currency’s near-term prospects. The shift indicates that, on balance, speculative investors hold more short contracts than long ones on GBP, and that this bearish stance has strengthened since the prior reporting period.

Market participants will be watching whether this trend continues, as sustained or expanding net shorts can both influence and reflect broader sentiment toward UK assets, monetary policy expectations, and the economic outlook for the United Kingdom.