COT data of May 28th 2013 - British Pound [BP]

British Pounds - Total o/i  221612; spreads 2727 - again around 1.2% of the total.

Nett differences:

Commercials +101363 (from +103998).  Large Specs -74525 (from -76976).  Small Specs -26838 (from -27022).

Proportions:  

Commercials (52.7% of total o/i) - 75.8% of Longs, 29.5% of Shorts, balance plus 46.3

Large Specs (33.6% of total) - 16.6% of Longs, 50.6% of Shorts, balance minus 34.0

Small Specs (13.7% of total) - 7.6% of Longs, 19.9% of Shorts, balance minus 12.3

Rather less commitment this week compared to last, although the direction remains the same - based on these figures, it still seems likely that Sterling will strengthen against the Dollar - but we wouldn't bet the farm on it.