An inside day down on the charts, a lack of fresh UK data flows and the looming US Fed decision wouldseem to provide some pressure to the Pound. From the mid January lows, the Pound was the benefactor ofimpressive domestic data flows and generally upbeat global growth prospects, but the global growth view mightbe temporarily questioned in the face of another US extraction of stimulus. Fundamentally traders should be abuyer of the Pound on a correction to 1.6460, but given the potential for extended trading ranges today, tradersmight lower that long entry point down to 1.6400.
