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 Likely to Lose Further versus US Dollar

British Pound Likely to Lose Further versus US Dollar

David Rodriguez, Head of Product


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

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.94 as 66% of traders are long. Yesterday the ratio was 1.84; 65% of open positions were long. Long positions are 9.1% higher than yesterday and 11.4% above levels seen last week. Short positions are 3.7% higher than yesterday and 4.0% below levels seen last week. Open interest is 7.2% higher than yesterday and 8.7% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the GBPUSD may continue lower. The trading crowd has grown further net-long from yesterday and last week.

The combination of current sentiment and recent changes gives a further bearish trading bias.

See next currency section: USDJPY - Crowds Sell Dollar versus Yen, Serves as Buy Signal

--- 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.