Latest CFTC Release Dated November 13, 2007:
Week (Data for Tuesdays) COMM % SPEC % 52 COTINDEX 13 COTINDEX
British Pound 78 39 27 67
GBP: The % of total commercial positions that are long measured through a 52 week percentile is at 78 and the % of total speculative positions that are long measured through a 52 week percentile is at 39. Both groups are neutral. Until both are extreme, there is no reason to expect a major turn.