COT data of Feb 4th 2014 - British Pound [BP]

British Pounds - Total o/i  202690; spreads 4622 (2.3%).  Closing price on Feb 4th 1.6325

Nett differences:
Commercials -20876 (from -40778)  Large Specs +10951 (from +22172)  Small Specs +9925 (from +18606) 

 
Proportions:

Commercials (63.0% of total o/i) - 57.8% of Longs, 68.3% of Shorts, balance minus 10.5

Large Specs (23.6% of total) - 26.3% of Longs, 20.8% of Shorts, balance plus 5.5
Small Specs (13.4% of total) - 15.9% of Longs, 10.9% of Shorts, balance plus 5.0

 

All three sectors have moved closer to neutral, with spreads increasing, all of which suggest indecision in the market-place. However, the balance of probability seems to have swung back again towards Sterling moving higher, with Commercials showing their smallest 'proportionate' short since November last year.