Investing.com - The Investing.com weekly sentiment index published on Monday revealed that market players increased their bullish bets on the pound in the week ending June 20.
According to the data, 46.8% of investors were long in GBP/USD as of last week, up from 39.4% a week earlier.
Meanwhile, 36.1% held long positions in EUR/USD, down from 37.6% in the preceding week, while 60.4% of market participants held long positions in USD/JPY, down from 70.4% a week earlier.
Elsewhere, 49.8% of investors were long USD/CHF, compared to 48.8% in the preceding week.
Amongst the commodity-linked currencies, 64.3% were long USD/CAD, up from 63.5% a week earlier, 53.7% held long positions in AUD/USD, compared to 54.0% in the preceding week, while 31.7% were long NZD/USD, down from 43.7% a week earlier.
In the commodities market, 60.3% of market players held long positions in gold, compared to 62.4% a week earlier.
According to the report, 27.7% of market participants held long positions in the S&P 500 last week, compared to 15.3% in the previous week.
The Investing.com series of indexes is developed in-house. Each index measures overall exposure to major currency pairs, commodities and indexes, using data from futures exchanges and OTC providers on all long and short open positions.
A reading between 50% and 70% is bullish for the instrument, while a reading between 30% and 50% is bearish. A figure above 70% indicates overbought conditions, while a reading below 30% indicates oversold conditions.