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Pound Speculative Net Longs At Around 8-Week High

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Large currency speculators turned net long in the Pound futures, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net long position of 25402 contracts in the data reported through May 28 2024. This was a weekly rise of 24349 net contracts and at its highest level in almost eight weeks.

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First Published: Jun 03 2024 | 2:56 PM IST

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