British Pound COT Report — Net Positioning
British Pound futures · CME · CFTC contract code 096742
Latest positioning
Week ending 8 September 2026 · cut 9,261 on the week · open interest 318,608 (+647)
Net speculative position — last 52 weeks
The current reading sits in the 12th percentile of its 3-year range — over the past 3 years, the net position has been lower than it is now 12% of the time. A high reading means the position is crowded by its own historical standards; it is context, not a forecast.
All three cohorts
| Category | Net position | Week change |
|---|---|---|
| Large speculatorsFunds and managed money | -58,836 | -9,261 |
| CommercialsProducers, users and banks hedging physical exposure | +57,102 | +11,299 |
| Small tradersBelow the CFTC reporting threshold | +1,734 | — |
The three cohorts net to zero between them — every long has a short on the other side. Commercials being heavily short is normal for a produced commodity and is not a bearish view; it is a hedge against inventory they already own.
Weekly history
| Week ending | Specs net | Open interest |
|---|---|---|
| 8 Sep 2026 | -58,836 | 318,608 |
| 1 Sep 2026 | -49,575 | 317,961 |
| 25 Aug 2026 | -44,524 | 318,468 |
| 18 Aug 2026 | -54,573 | 286,371 |
| 11 Aug 2026 | -56,221 | 256,447 |
| 4 Aug 2026 | -57,814 | 246,577 |
| 28 Jul 2026 | -64,814 | 267,426 |
| 21 Jul 2026 | -55,561 | 262,281 |
| 14 Jul 2026 | -71,253 | 265,153 |
| 7 Jul 2026 | -87,903 | 282,969 |
| 30 Jun 2026 | -102,147 | 295,062 |
| 23 Jun 2026 | -105,719 | 297,226 |
| 16 Jun 2026 | -71,585 | 323,315 |
| 9 Jun 2026 | -64,213 | 291,371 |
| 2 Jun 2026 | -52,218 | 271,147 |
| 26 May 2026 | -61,398 | 282,065 |
| 19 May 2026 | -64,307 | 285,647 |
| 12 May 2026 | -43,059 | 283,643 |
| 5 May 2026 | -63,908 | 276,143 |
| 28 Apr 2026 | -60,639 | 263,635 |
| 21 Apr 2026 | -52,039 | 263,523 |
| 14 Apr 2026 | -54,724 | 250,053 |
| 7 Apr 2026 | -56,354 | 244,191 |
| 31 Mar 2026 | -52,665 | 243,461 |
| 24 Mar 2026 | -58,422 | 238,862 |
| 17 Mar 2026 | -65,515 | 243,434 |
| 10 Mar 2026 | -84,197 | 392,591 |
| 3 Mar 2026 | -72,686 | 269,696 |
| 24 Feb 2026 | -57,072 | 245,891 |
| 17 Feb 2026 | -42,404 | 238,845 |
| 10 Feb 2026 | -25,810 | 227,574 |
| 3 Feb 2026 | -13,911 | 227,888 |
| 27 Jan 2026 | -16,162 | 224,459 |
| 20 Jan 2026 | -21,980 | 207,612 |
| 13 Jan 2026 | -25,270 | 207,867 |
| 6 Jan 2026 | -30,538 | 206,314 |
| 30 Dec 2025 | -33,207 | 196,003 |
| 23 Dec 2025 | -41,199 | 198,132 |
| 16 Dec 2025 | -48,498 | 282,031 |
| 9 Dec 2025 | -75,515 | 332,405 |
| 2 Dec 2025 | -80,180 | 299,768 |
| 25 Nov 2025 | -93,221 | 315,550 |
| 18 Nov 2025 | -79,257 | 279,341 |
| 10 Nov 2025 | -81,004 | 272,612 |
| 4 Nov 2025 | -55,019 | 270,917 |
| 28 Oct 2025 | -20,262 | 248,118 |
| 21 Oct 2025 | -16,775 | 233,484 |
| 14 Oct 2025 | -11,629 | 237,520 |
| 7 Oct 2025 | -4,476 | 247,550 |
| 30 Sep 2025 | -8,894 | 226,426 |
| 23 Sep 2025 | -1,964 | 233,166 |
| 16 Sep 2025 | -6,580 | 234,531 |
Source: CFTC Commitments of Traders (Legacy, futures only) — a US government work, public domain. Positions are measured Tuesday and published the following Friday at about 15:30 ET, so this report is always at least three days behind the market. Positioning describes how traders are placed; it is not a forecast.