Skip to Content
News & Analysis at your fingertips.
Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
British Pound Forecast to Hit Further Highs

British Pound Forecast to Hit Further Highs

David Rodriguez, Head of Product


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

GBPUSD A meaningful pullback in retail FX trader sentiment has helped confirm a potentially significant British Pound reversal versus the US Dollar.

Trade Implications – GBPUSD: Last week we noted a material shift in retail trader positions as a key warning that the GBP could continue higher. Traders had remained mostly net-long the GBPUSD from Q2, 2014 but had turned net-short. And though our data shows that ‘the crowd’ is now very modestly net-long, the much larger jump in overall short positions gives us contrarian signal that the GBP may continue higher.

See next currency section: USDJPY - US Dollar Likely to Remain in Range versus Yen

--- Written by David Rodriguez, Quantitative Strategist for

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.