British Pound Sterling Commitment of Traders Positions:
GBP: British pound sterling speculator positions continued their decline last week for a tenth consecutive week and to the lowest standing since early of October 2011. British pound speculative positions fell last week to a total of -66,555 net contracts on March 26th following a total of -61,480 net contracts reported for March 19th. This was a weekly change of -5075 in large trader contracts.
Pound speculator positions have now been in a bearish position for seven consecutive weeks since crossing over on February 5th and are at the lowest level since October 4th 2011 when positions equaled -68,724 contracts.
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The Commitment of Traders report is published every Friday by the Commodity Futures Trading Commission (CFTC) and shows futures positions data that was reported as of the previous Tuesday (3 days behind).
See more information and explanation on the weekly COT report from the CFTC website.
By CountingPips.com
