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GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since May 14, 2024 when GBP/USD traded near 1.26.

GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since May 14, 2024 when GBP/USD traded near 1.26.

Research, Research Team

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GBP/USD Client Positioning

Number of traders net-short has decreased by 30.90% from last week.

SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OI
GBP/USDBEARISH50.51%49.49%

28.13% Daily

31.03% Weekly

-20.71% Daily

-30.90% Weekly

-1.81% Daily

-9.23% Weekly

GBP/USD Bearish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 8% 0% 2%
Weekly 18% 5% 9%
What could changes and extremes in retail trading signal for the market?
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GBP/USD: Retail trader data shows 50.51% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since May 14 when GBP/USD traded near 1.26, price has moved 0.63% higher since then. The number of traders net-long is 28.13% higher than yesterday and 31.03% higher from last week, while the number of traders net-short is 20.71% lower than yesterday and 30.90% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBP/USD prices may continue to fall.

Our data shows traders are now net-long GBP/USD for the first time since May 14, 2024 when GBP/USD traded near 1.26. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.

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