Not surprisingly, the Pound is already into a full blown recovery move as global economic anxiety hasbeen partially replaced by global optimism and that leaves the Pound as the go to currency. In fact, many playerssee the UK as the most likely to tighten, even if the Pound periodically shares that distinction with the US. UKeconomic data would seem to be more positive than the US data and that should leave the Pound poised for aquick rise back above the 1.66 level.
