COT data of Jan 7th 2014 - British Pound [BP]

British Pounds - Total o/i  194668; spreads 3318 (= 1.7%). Closing price on Jan 7th:1.6400

Nett differences:
Commercials -36769 (from -45581)  Large Specs +18178 (from +22781)  Small Specs +18591 (from +22800)
 
Proportions:

Commercials (60.8% of total o/i) - 51.2% of Longs, 70.4% of Shorts, balance minus 19.2

Large Specs (23.8% of total) - 28.6% of Longs, 19.1% of Shorts, balance plus 9.5
Small Specs (15.4% of total) - 20.2% of Longs, 10.5% of Shorts, balance plus 9.7

 

No sector appears to be willing to make much outright commitment at present. The share of total o/i held by Large Specs continues to decline, while that held by Small Specs is up again - however, their proportionate nett position is smaller (although they are comparatively still quite long). Commercials remain short, but less so than last week. There are no extremes to get excited about ...