Sunday, 21 July 2013

COT data of July 16th 2013 - British Pound [BP]

British Pounds - Total o/i  151127; spreads 3869 (= 2.6%).   

Nett differences:
Commercials +60256 (from +55108).  Large Specs -37446 (from -34259).  Small Specs -22810 (from -20849).

Commercials (52.9% of total o/i) - 73.4% of Longs, 32.5% of Shorts, balance plus 40.9
Large Specs (29.4% of total) - 16.7% of Longs, 42.1% of Shorts, balance minus 25.4
Small Specs (17.7% of total) - 9.9% of Longs, 25.4% of Shorts, balance minus 15.5
Prices had improved by last Tuesday's close to around 1.5160, and have improved further since then. Once again, position moves of the previous week continued, with Commercials adding considerably to their longs, but this time adding to shorts as well. Even taking this into account, on balance they moved longer. Small Specs reduced their longs while maintaining shorts. We can only repeat last week's comment: these figures continue to
suggest further improvement by the Pound against the Dollar.

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