EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since Aug 08 when EUR/GBP traded near 0.85.

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Number of traders net-short has decreased by 25.89% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/GBP

BEARISH

81.42%

18.58%

13.93%
Daily

13.37%
Weekly

-7.52%
Daily

-25.89%
Weekly

9.22%
Daily

3.21%
Weekly

EUR/GBP: Retail trader data shows 81.42% of traders are net-long with the ratio of traders long to short at 4.38 to 1. Our data shows traders are now at their most net-long EUR/GBP since Aug 08 when EUR/GBP traded near 0.85. The number of traders net-long is 13.93% higher than yesterday and 13.37% higher from last week, while the number of traders net-short is 7.52% lower than yesterday and 25.89% 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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