Apparently the Pound is suffering because of generally positive economic data outside of the UK. Earlierin January it appeared as if the Pound was carving out a significant macro economic edge, but it now seems thatthe Pound was overdone at the January highs and a narrowing of the macro economic differential with the Eurozone and others, has fostered a deserved correction. However, up trend channel support in the March Poundshould be somewhat solid down at 1.6317 but perhaps the market doesn’t find solid support until the 1.6301 level.
