Not surprisingly, the Pound has streaked higher in the wake of employment numbers that blow the doorsoff the anemic data flowing from around the globe. With the favorable employment news, the UK takes a seat nextto the Dollar in the car carrying those most likely to continue the exodus of historical stimulus. While we hate tochase a sharply rising market, the path of least resistance in the Pound is up and a higher high above the lateDecember highs is possible because the competition of strong data elsewhere, is extremely thin. Support movesup to 1.65.
