GBP/USD Ratio: -1.50 Signal: Bullish
GBPUSD – Excess pound volatility has not come with a consistent direction, yet the GBPUSD is one of the few pairs that is seeing positioning growing more extreme over time. The pair’s Speculative Sentiment Index ratio stands at -1.50 compared to the -1.30 reading from last week. From the indicators details, there is a steady building of negative sentiment. Short positions jumped 10.7% from yesterday but are actually 12.0% weaker than they were the same time a week ago. However, long positions have fallen more consistently: down 6.0% from Wednesday and a massive 43.1% weaker than a week ago. Open interest is 13.1% below its monthly average but 3.4% stronger than yesterday.