The Sunday newsletter
Every Sunday, the Week Ahead teaser: last week’s calls and how they went, and one of this week’s, in time for Monday’s open.
The Sunday newsletter
Every Sunday, the Week Ahead teaser: last week’s calls and how they went, and one of this week’s, in time for Monday’s open.
The Sunday newsletter
Every Sunday, the Week Ahead teaser: last week’s calls and how they went, and one of this week’s, in time for Monday’s open.
British Pound COT ReportBritish pound COT report, week to 27 Oct 2026: leveraged funds were net long 17,195 contracts in the futures, down 6,909 on the week before.
Leveraged funds are fast money, quick to add and quick to cut. A large net position shows how crowded a bet has become, and near either end of its range it can unwind fast when the news turns. On its own it does not say where the GBP goes next: positioning is one input to a fundamental bias, beside rates, growth, inflation and the central bank. Our GBP page weighs them together and shows what they mean for the currency.
Source: the CFTC’s Commitments of Traders, Traders in Financial Futures report, Leveraged Money, published on Fridays for the Tuesday before. Net is longs minus shorts, in contracts.
Leveraged funds are one side of the trade.
See the whole positioning