• Aug 21 - British Pound Trading Forecast Further Short-term Bounce Likely
• Aug 14 - British Pound Trading Suggests Further Short-term Bounce Likely
• Aug 11 - British Pound Trading Signals Sentiment Extreme
• Aug 01 - Positioning Jumps From Extreme To Parity As GBPUSD Finds 1.98
• Jul 17 - More Retail Traders Are Trying To Short The Pound
• Jul 11 - Retail Pound Traders Continue To Bet On Restrained Volatility Mature Ranges
• Jul 03 - Week's Range Break Leads To SSI Readings Not Seen Since November
• Jun 26 - Speculative Short Pound Interest High As Traders Bet On The Range
• Jun 19 - A Flip In Pound Positioning Sets Retail Traders In Another Range Trade
• Jun 12 - Pound Range Holds Though Positioning Tests Another Extreme
• Jun 05 - Pound SSI Flips With Support In Sight, Another Range Call?
• May 29 - Pound Positioning Still Eyeing 2.00 As Retailers Bet On The Range
• May 22 - Pound Sentiment Flips With Upside Potential Building
• May 15 - Pound Positioning Holds Net Long With 1.94 Support In Sight
• May 08 - Positioning Flips As GBPUSD Looks For Direction On A Break Of 1.96
• May 01 - Pound Flips Yet Again As 1.97 Range Low Holds
• Apr 24 - Range Bound Pound Sees Another Positioning Flip
• Apr 17 - Pound Positioning Vindicated In Upside Channel Breakout
• Apr 03 - Pound Longs Drop 21% From Last Week
• Mar 27 - Pound Ratio Increasingly Supports An Advance

GBPUSD – Retail pound traders continue to fight the trend even though GBPUSD has broken a major trend and congestion pattern. This past week, the pound rallied through a prominent falling trendline that had held back advances since late November and then went on to rally beyond the 2.00 psychological hurdle. And, even though the pair has pulled back from its intraweek highs, the speculative positioning is still heavily skewed to the downside – pointing to further upside potential. The GBPUSD SSI stands at -2.30 with a considerable 70% of retailers short. This compares to the -1.75 reading from last week and -2.05 seen two Thursday’s go. In detail, longs have slipped 0.6% from yesterday but tumbled 20.1% since last week. Showing the group’s high confidence in a pull back from 2.00, shorts have risen 0.5% over the past 24 hours and 39% through the week. Just as with the euro, net positioning has changed little from last week, with open interest up only 3.3% on the week – though it is 8.5% above its monthly average.