British Pound (GBP) COT Report

Speculative positioning in British Pound (CME) futures, as of Tuesday 3 November 2026.

Net position

-59,821

contracts, net short

Weekly change

+19,593

contracts

Longs / shorts

34%

63,780 long, 123,601 short

52-week percentile

Neutral

What this means

Large speculators are net short British Pound futures by 59,821 contracts. In the latest week their net position changed by +19,593 contracts, towards the long side. Against the past year, positioning scores 48 out of 100. Positioning is in the middle of its past-year range, with no strong signal.

British pound futures trade on the CME. A net long position is a bet on GBP/USD rising.

GBP positioning over the past year

Nov 2025 Net speculative position, contracts. Green = net long, red = net short. 3 Nov 2026

Range over this period: -106,964 to -13,911 contracts.

Recent weeks

Week of	Long	Short	Net	Change	Percentile
3 Nov 2026	63,780	123,601	-59,821	+19,593	48
27 Oct 2026	56,645	136,059	-79,414	+1,006	23
20 Oct 2026	54,228	134,648	-80,420	+26,544	19
13 Oct 2026	44,185	151,149	-106,964	-9,353	0
6 Oct 2026	45,259	142,870	-97,611	-6,536	4
29 Sep 2026	41,396	132,471	-91,075	-8,507	6
22 Sep 2026	54,455	137,023	-82,568	-23,853	10
15 Sep 2026	69,331	128,046	-58,715	+121	39
8 Sep 2026	73,520	132,356	-58,836	-9,261	39
1 Sep 2026	85,386	134,961	-49,575	-5,051	64
25 Aug 2026	93,612	138,136	-44,524	+10,049	67
18 Aug 2026	77,343	131,916	-54,573	+1,648	60

Non-commercial (speculative) positions in futures contracts. Source: CFTC Commitments of Traders, Legacy futures-only report. Published here 48 hours after the CFTC release.

GBP pairs

Trend, volatility and squeeze for the pairs this positioning affects.

GBP/USD EUR/GBP GBP/JPY GBP/AUD GBP/CAD GBP/CHF

Other currencies

All currencies USD COT EUR COT JPY COT CHF COT CAD COT AUD COT NZD COT

See whether price agrees with the positioning

COT data moves once a week. The GBP pairs move every minute. Markets Mastered combines positioning with squeeze, trend and currency strength into one convergence score per instrument, refreshed every 15 minutes.

Convergence score blending squeeze, trend, strength and COT positioning

Live currency strength for GBP across seven timeframes

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GBP COT questions

Are speculators long or short the British Pound?

As of 3 November 2026, large speculators are net short 59,821 contracts of British Pound (CME) futures, up 19,593 contracts on the week.

Which futures contract is the GBP COT data from?

British Pound (CME) futures, from the CFTC Legacy futures-only Commitments of Traders report. British pound futures trade on the CME. A net long position is a bet on GBP/USD rising.

When is the next GBP COT report?

The CFTC publishes every Friday at 3:30pm New York time (8:30pm UK time for most of the year), covering positions held on the Tuesday. This page updates 48 hours after each release.