Speculative sentiment toward the British pound has turned less negative, according to the latest Commitments of Traders (CFTC) data released on 23 December 2025. Net speculative positions in GBP improved from -75.5K to -48.5K, indicating a notable reduction in bearish bets against the currency.
While positioning remains in net short territory, the move suggests that some traders are scaling back expectations of further weakness in sterling. The narrowing of net shorts may reflect shifting views on the UK’s economic outlook or changing assumptions about relative monetary policy, as market participants reassess risks and opportunities in GBP exposure.
The adjustment in speculative positioning will be closely watched by investors and strategists as a potential signal of evolving sentiment toward the pound, particularly if subsequent data confirm a sustained trend away from extreme bearishness.
