British Pounds - Total o/i 236030, spreads 2669 (1.1%). Closing price April 29th 1.6825
Nett differences: Commercials -65316 (from -67077) Large Specs +44234 (from +47800) Small Specs +21082 (from +19277)
Commercials (59.5% of total o/i) -
45.5% of Longs (from 44.9%, 73.5% of Shorts (vs 73.5%), balance minus 28.0 (vs minus 28.6)
Large Specs (27.3% of total) -
36.8% of Longs (from 38.2%), 17.8% of Shorts (vs 17.8%), balance plus 19.0 (vs plus 20.4)
Small Specs (13.2% of total) -
17.7% of Longs (from 16.9%), 8.7% of Shorts (vs 8.7%), balance plus 9.0 (vs plus 8.2)
Once again, very little change showing - indeed, all the 'proportionate' short positions are precisely the same as the previous week. Commercials again added slightly to longs, reducing their nett and proportionate short position, but this seems barely significant. Large Specs reduced longs, while Small Specs added to theirs.
With some relief, we have to say that there will be no reports for the next 3 weeks - perhaps by month-end, BP positions will be providing more significant guidance.