EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Dec 15, 2022 when EUR/GBP traded near 0.87.

by user


Number of traders net-short has decreased by 27.79% from last week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
EUR/GBP BEARISH 50.07% 49.93%

26.15% Daily

42.23% Weekly

-30.33% Daily

-27.79% Weekly

-10.20% Daily

-4.17% Weekly

EUR/GBP: Retail trader data shows 50.07% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Dec 15 when EUR/GBP traded near 0.87, price has moved 0.55% higher since then. The number of traders net-long is 26.15% higher than yesterday and 42.23% higher from last week, while the number of traders net-short is 30.33% lower than yesterday and 27.79% 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.

Our data shows traders are now net-long EUR/GBP for the first time since Dec 15, 2022 when EUR/GBP traded near 0.87. 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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