COT data of May 27th 2014 - British Pound [BP]

British Pounds - Total o/i 238440, spreads 3171 (1.3%).  Closing price May 27th 1.6810

 

Nett differences:  Commercials -51251 (from -49791)  Large Specs +35304 (from +33090)  

  Small Specs +15947 (from +16701) 

Proportions:   

Commercials (62.3% of total o/i) - 

51.4% of Longs (from 50.4%), 73.2% of Shorts (vs 71.6%), balance minus 21.8 (vs minus 21.2)

Large Specs (25.8% of total) -

33.3% of Longs (from 34.1%), 18.3% of Shorts (vs 20.0%), balance plus 15.0 (vs plus 14.1)

Small Specs (11.9% of total) -

15.3% of Longs (from 15.5%), 8.5% of Shorts (vs 8.4%), balance plus 6.8 (vs plus 7.1) 

 

There has been insufficient change in any of the positions - whether outright or proportionate - to draw any worthwhile conclusions. We shall have to wait for more definite position-taking to give us a lead. (The same applies to this week's Dollar Index positions).