Free · updated every weekday · British pound vs US dollar
GBP/USD sentiment today
Where the retail crowd stands on GBP/USD (Cable), what the QDB Score says, and how the big speculators are positioned. Read together, in plain English.
Today's read: Mixed
Retail crowd
The crowd is split, 49% long and 51% short. There is no strong edge from sentiment today.
QDB Score
The QDB Score is 7/12, a bullish reading.
COT (weekly)
Large speculators favour the US dollar over the British pound (COT score -60).
One rule above all: only act at strong daily or weekly supply and demand levels. Sentiment tells you who is likely to be wrong. The level tells you where.
The crowd over time
Retail % long at each daily snapshot. Above the dashed line the crowd is mostly long, below it mostly short. Watch the direction of travel as much as the level.
The history chart builds up one day at a time from the first snapshot. Check back tomorrow.
What the big speculators hold
COT index for each currency: where large speculators' net position sits in its 3-year range, 0 = most short, 100 = most long. Positions on Tuesday 3 November 2026.
In the QDB Sheet, live
This page is a once-a-day snapshot. Members see GBP/USD update every 15 minutes, alongside the rest of the board.
GBP/USD sentiment questions
Are retail traders long or short GBP/USD?
At the latest snapshot, 49% of retail traders were long and 51% short. The page updates every weekday at about 5pm UK.
Why read retail sentiment as contrarian?
Most retail traders lose, and they tend to buy falling markets and sell rising ones. When the crowd piles onto one side, the stops and losing positions on that side become fuel for a move the other way. That is why a crowd that is heavily long is read as bearish.
Should I trade on sentiment alone?
No. A crowd can stay wrong for a long time. QDB only acts on sentiment at strong daily or weekly supply and demand levels, and treats it as one input next to the QDB Score and the COT positioning above.
What is the QDB Score?
A 0 to 12 score for each pair that combines retail positioning, how it is shifting and the trend. 7 or more reads bullish, 3 or less bearish. The guides explain how it works.
Other pairs
Crowd % long at the latest snapshot. Red: crowd heavily long (contrarian bearish). Green: crowd heavily short (contrarian bullish).
Crowd data: QDB Sheet daily snapshot. COT: CFTC Commitments of Traders, Legacy futures-only. Educational only, not financial advice. Trading on margin carries a high level of risk. Back to QDB Trading Desk