CFTC Data

Data from major financial institutions reveals traders are increasingly betting Pound Sterling will rise over coming weeks and months, or would it be more accurate to say they are no longer willing to bet against the Pound like they once did?

Relentless buying of Sterling on the futures market could be indicative of positive underpinning strength in the currency argues Kathleen Brooks, a foreign exchange analyst with retail trading providers City Index.

Data revealing how the world’s currency traders are positioned on various currencies shows sentiment towards Pound Sterling continues to improve.

Insights into the global trading community confirm sentiment towards the British Pound has improved markedly over recent weeks.

Speculative currency investors have increased their exposure to the Euro, betting further gains are likely.

Foreign exchange traders continue to up their bets against the British Pound according to the latest set of data into the workings of the foreign exchange market.