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GBP/USD IG Client Sentiment: Our data shows traders are now at their most net-long GBP/USD since Aug 23 when GBP/USD traded near 1.37.

GBP/USD IG Client Sentiment: Our data shows traders are now at their most net-long GBP/USD since Aug 23 when GBP/USD traded near 1.37.

Research, Research Team
GBP/USD Client Positioning

Number of traders net-short has decreased by 14.72% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

GBP/USD

BEARISH

75.61%

24.39%

23.11% Daily

13.06% Weekly

-20.12% Daily

-14.72% Weekly

8.75% Daily

4.74% Weekly

GBP/USD: Retail trader data shows 75.61% of traders are net-long with the ratio of traders long to short at 3.10 to 1. Our data shows traders are now at their most net-long GBP/USD since Aug 23 when GBP/USD traded near 1.37. The number of traders net-long is 23.11% higher than yesterday and 13.06% higher from last week, while the number of traders net-short is 20.12% lower than yesterday and 14.72% 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.

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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