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.
Source
EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Sep 21, 2023 10:00 GMT when EUR/GBP traded near 0.87.
