According to the latest report from the Commodity Futures Trading Commission (CFTC), traders have slightly decreased their bearish outlook on the British Pound. The data, updated on January 23, 2026, indicates that GBP speculative net positions have improved, shifting from a previous reading of -25.3K to -22.0K.
This mild reduction in net short positions suggests a tempered confidence in the UK's currency among speculators, possibly indicating an expectation of stabilisation or modest improvement in the pound's valuation against other currencies. The data reflects evolving market sentiment as traders adjust their positions in response to economic conditions and anticipated monetary policy changes by the Bank of England.
Market analysts will likely watch subsequent reports closely for further adjustments in speculative positions, as these figures can often presage broader shifts in foreign exchange markets and potentially influence trading strategies and policy decision-making by economic stakeholders.
