27.03.202619:30:00UTC+00Sterling Shorts Narrow as CFTC Data Signal Easing Bearish Bets on GBP

Speculative sentiment toward the British pound turned slightly less negative, according to the latest Commitments of Traders (CFTC) data released on 27 March 2026. Net speculative positions in GBP improved to -58.4K contracts, up from -65.5K previously, indicating a modest reduction in bearish bets against the currency.

The shift suggests that traders have scaled back some of their short positions on sterling, although overall sentiment remains in net short territory. The move may reflect reassessments of the UK’s economic outlook, interest rate expectations, or relative performance against other major currencies, as market participants continue to recalibrate their exposure to the pound.

While the current level still underscores caution toward GBP, the narrowing in net shorts could be an early sign of stabilizing confidence, with investors watching upcoming data releases and policy signals for confirmation of any more sustained turn in sentiment.