News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
British Pound Remains a Sell versus the Dollar

British Pound Remains a Sell versus the Dollar

David Rodriguez, Head of Product
British Pound Remains a Sell versus the Dollar

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

GBPUSDThe FX trading crowd has remained steadily long the British Pound versus the US Dollar, and such consistent positions leave us focused on further Sterling weakness.

Trade Implications – GBPUSD: Our retail FX trader sample has remained steadily long the British Pound since it pair traded below $1.6900. It is certainly worth noting that long interest has fallen to its lowest levels since the GBPUSD failed to trade above $1.70 in July. And yet until we see a more substantial shift in sentiment we see little reason to abandon our long-standing bearish trading bias.

A sustained flip towards crowd selling would help confirm a potentially important GBPUSD price low. And indeed a GBPUSD break above key trendline resistance favors a larger correction higher.

See next currency section:USDJPY - USD Looks like a Buy versus the Yen

--- Written by David Rodriguez, Quantitative Strategist for

British Pound Remains a Sell versus the Dollar

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.