EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since Jun 10 when EUR/GBP traded near 0.85.

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Number of traders net-short has decreased by 3.11% from last week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
EUR/GBP BEARISH 79.61% 20.39%

8.75% Daily

8.56% Weekly

-10.86% Daily

-3.11% Weekly

4.08% Daily

5.96% Weekly




of clients are net long.




of clients are net short.

Change in Longs Shorts OI
Daily 9% -11% 4%
Weekly 9% -3% 6%

EUR/GBP: Retail trader data shows 79.61% of traders are net-long with the ratio of traders long to short at 3.90 to 1. Our data shows traders are now at their most net-long EUR/GBP since Jun 10 when EUR/GBP traded near 0.85. The number of traders net-long is 8.75% higher than yesterday and 8.56% higher from last week, while the number of traders net-short is 10.86% lower than yesterday and 3.11% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/GBP prices may continue to fall.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.





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