Speculative sentiment toward the British pound has turned more bearish, with traders expanding their net short exposure, according to the latest CFTC data released on 26 June 2026. Net speculative positions in GBP fell to -105.7K contracts, down from a previous level of -71.6K.
The widening negative balance indicates that, on aggregate, speculators are holding substantially more short than long positions on the pound. The move from -71.6K to -105.7K suggests growing expectations of further weakness in the UK currency, as market participants position for potential downside in sterling against its major peers.
