Speculative sentiment toward the British pound has improved marginally, according to the latest Commitments of Traders data released by the CFTC on 14 August 2026. Net speculative positions in GBP rose to -56.2K contracts, up from -57.8K previously, indicating a modest reduction in bearish bets against sterling.
While positioning remains firmly in negative territory, the slight contraction in net shorts suggests some traders are scaling back expectations of further pound weakness. The move may reflect shifting views on the UK’s economic outlook or interest rate trajectory, though the overall stance remains cautious.
The data will be closely watched by currency markets, as any sustained trend toward fewer net short positions could signal a gradual rebuilding of confidence in the pound, particularly if supported by incoming UK macroeconomic releases and central bank communication.
