COT data of Dec 24th 2013 - British Pound [BP]

British Pounds - Total o/i  198063; spreads 2553 (= 1.3%). Closing price on Dec 24th: 1.6355

Nett differences:
Commercials -34332 (from -33548)  Large Specs +14420 (from +17825)  Small Specs +19912 (from +15723)
 
Proportions:

Commercials (57.2% of total o/i) - 48.4% of Longs, 66.0% of Shorts, balance minus 17.6

Large Specs (28.3% of total) - 32.0% of Longs, 24.6% of Shorts, balance plus 7.4
Small Specs (14.5% of total) - 19.6% of Longs, 9.4% of Shorts, balance plus 10.2

 

Very little change in Commercials, and only a slight change in Large Specs as they (comparatively) reduced longs and added to shorts. The main difference was in Small Specs whose long position seems to be becoming rather excessive;  on this basis we could expect any fall, once it starts, to be quite abrupt.