According to the latest data from the Commodity Futures Trading Commission (CFTC), speculative net positions on the British Pound (GBP) have seen a significant decline. The previous indicator was at 28.3K before the current reading of 8.6K, indicating a sizable drop in speculative positions on the currency.
These figures provide insights into market sentiment towards the GBP as investors and traders adjust their positions. While the exact date of the event and the previous data are not specified, the most recent update on this indicator was recorded on 19 April 2024.
The decrease in speculative net positions on the GBP suggests a shift in market dynamics or sentiment towards the currency. Traders and analysts will likely be monitoring future developments closely to gauge the potential impact on the GBP's performance in the foreign exchange market.
