The March Pound managed a fresh higher high for the move in the wake of generally up beat UK data,positive global equity market action and from “hope” that the Fed will at least hint at the potential for a pause intapering. In short, the bull camp looks to have an edge and as long as the Fed acknowledges they are watchingthe data and will relent if necessary, that might leave the Pound on a track to return to the 1.65 level.
