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EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Sep 06, 2021 when EUR/GBP traded near 0.86.

EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Sep 06, 2021 when EUR/GBP traded near 0.86.

Research, Research Team
EUR/GBP Client Positioning

Number of traders net-short has increased by 36.36% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/GBP

BULLISH

49.60%

50.40%

0.80% Daily

-17.43% Weekly

22.60% Daily

36.36% Weekly

10.72% Daily

3.05% Weekly

EUR/GBP: Retail trader data shows 49.60% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Sep 06 when EUR/GBP traded near 0.86, price has moved 0.24% higher since then. The number of traders net-long is 0.80% higher than yesterday and 17.43% lower from last week, while the number of traders net-short is 22.60% higher than yesterday and 36.36% higher from last week.

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

Our data shows traders are now net-short EUR/GBP for the first time since Sep 06, 2021 when EUR/GBP traded near 0.86. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.

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