Tuesday, 31 August 2010

British Pound COT at August 24th

Open interest numbers, both total and excluding spreads, were lower again, with spreads showing a tiny increase (at 0.2% of the total).
Commercials maintained their short positions, but added to longs, remaining nett long (plus 2.5, from plus 1.0, and after minus 3.2 two weeks ago).
Big specs were unchanged at nett short 3.1, reducing both longs and shorts by fair amounts. Small specs reduced longs and added to shorts, with their nett position close to square.
Overall nett positions were: commercials long 2.5 (from long 1.0), big specs short 3.1 (unchanged), small specs long 0.6 (from long 2.1).
No signs of excess in these figures, but suggestions of slightly steadier conditions.

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