Speculative sentiment toward the British pound has turned more negative, with traders expanding their net short positions, according to the latest CFTC data released on 25 September 2026. The GBP speculative net positions fell to -82.6K, down from a previous level of -58.7K.
The widening negative balance indicates that speculative investors are increasingly betting against the pound, boosting short positions relative to longs. The move from -58.7K to -82.6K underscores a notable shift in market positioning, suggesting stronger expectations of potential downside pressure on sterling in the near term. While the data do not reveal the drivers behind the shift, the figures highlight a growing bearish consensus among speculative traders toward the UK currency.
