British Pounds - Values fell quite sharply into last Monday's close (NB all figures were taken at the close of Dec 24th, owing to the holiday break). However, from that 1.6125 level, the Pound has fluctuated without major fresh direction. Total o/i on the 24th was lower, at 181219, with spreads remaining low at 234 (still 0.1% of the total).
Commercials -62763 (from -53317). Large Specs +37321 (from +28036). Small Specs +25442 (from 25281).
Commercials (52.8% of total o/i) - 35.4% of Longs, 70.1% of Shorts, balance minus 34.7
Large Specs (30.8% of total) - 41.2% of Longs, 20.6% of Shorts, balance plus 20.6
Small Specs (16.4% of total) - 23.4% of Longs, 9.3% of Shorts, balance plus 14.1
The most evident changes are in the shorts held by Commercials (well up), and by Large Specs (well down). Positioning by all 3 classes keeps us bearish on the Pound.