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United Kingdom. CFTC GBP speculative net positions. The value of the indicator has increased from 24K to 29.2K
A report on this calendar event is released weekly by the CFTC Commitment of Traders.
This indicator reflects the difference between the volumes of long and short positions on the British pound opened by speculators (non-commercial traders). The dynamics of the indicator is a measure of speculators' sentiment. The indicator does not have a strong impact on the British pound rate and is considered by analysts in conjunction with other indicators.
Comments by the MarketCheese analysts: an increase of the indicator value may contribute to the rise in quotes of GBP.
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