COT data of Nov 12th 2013 - British Pound [BP]

British Pounds - Total o/i  171002; spreads 3421 (= 2.0%). Closing price on Nov 12th: 1.5905

Nett differences:

Commercials +1432 (from -8373)  Large Specs -9303 (from -2392)  Small Specs +7871 (from +10765)

Proportions:

Commercials (54.1% of total o/i) - 54.5% of Longs, 53.7% of Shorts, balance plus 0.8

Large Specs (29.0% of total) - 26.2% of Longs, 31.7% of Shorts, balance minus 5.5
Small Specs (16.9% of total) - 19.3% of Longs, 14.6% of Shorts, balance plus 4.7


Once again, Commercials have moved longer (indeed, to a nett long position, for the first time since mid-September); this time however they have added considerably to Longs while slightly reducing their Shorts. Large Specs have increased their nett Short by reducing Longs sharply while leaving Shorts unchanged. Small Specs have reduced their overall commitment, and are likely to be less of a factor in the short term. It appears that Commercials may be being influenced by the more bullish Fundamentals on Sterling, with these COT figures showing some bias to the upside. 

Please note - no report next weekend - back early December ... 

COT data of Nov 5th 2013 - British Pound [BP]

British Pounds - Total o/i  172368; spreads 3343 (= 1.9%). Closing price on Nov 5th: 1.6045

Nett differences:

Commercials -8373 (from -21936)  Large Specs -2392 (from +10162)  Small Specs +10765 (from +11774)

Proportions:

Commercials (51.3% of total o/i) - 48.8% of Longs, 53.8% of Shorts, balance minus 5.0

Large Specs (31.0% of total) - 30.3% of Longs, 31.7% of Shorts, balance minus 1.4

Small Specs (17.7% of total) - 20.9% of Longs, 14.5% of Shorts, balance plus 6.4  

Proportionally, Commercials have added slightly to Longs while reducing Shorts considerably. Large Specs have moved from nett long to nett short by both reducing Longs and adding to Shorts. Small Specs have changed little, but now find themselves holding all the Longs while faced with a combination of Commercials and Large Specs (both normally well capitalised) on the short side. If the market starts to slip, the move could be accelerated by this situation.

COT data of Oct 29th 2013 - British Pound [BP]

British Pounds - Total o/i  177427; spreads 3639 (= 2.1%). Closing price on Oct 29th: 1.6045
 

Nett differences:

Commercials -21936 (from -27976)  Large Specs +10162 (from +14262)  Small Specs +11774 (from +13714)

Proportions: 

Commercials (52.6% of total o/i) - 46.3% of Longs, 58.9% of Shorts, balance minus 12.6

Large Specs (30.3% of total) - 33.2% of Longs, 27.4% of Shorts, balance plus 5.8

Small Specs (17.1% of total) - 20.5% of Longs, 13.7% of Shorts, balance plus 6.8  

[Updated for reference purposes - CFTC should be up to date this Friday night, Nov 8]

COT data of Oct 22nd 2013 - British Pound [BP]

British Pounds - Total o/i  181489; spreads 3688 (= 2.0%). Closing price on Oct 22nd: 1.6235
 

Nett differences:

Commercials -27976 (from -22978)  Large Specs +14262 (from +12231)  Small Specs +13714 (from +10747)

Proportions: 

Commercials (52.7% of total o/i) - 44.9% of Longs, 60.6% of Shorts, balance minus 15.7

Large Specs (29.4% of total) - 33.4% of Longs, 25.4% of Shorts, balance plus 8.0

Small Specs (17.9% of total) - 21.7% of Longs, 14.0% of Shorts, balance plus 7.7  

[Updated for reference purposes]