With a significant lack of competition from macro economic differentials and from interest ratedifferentials, the Pound wins by default. As in other currencies, anticipated weakness in US data later this morningis adding into the upward momentum in the Pound. Soft German inflation data, weak Australian jobs figures andexpectations for weak US retail sales figures, puts the Pound in a position to reach up to the highest levels inyears! Thin resistance is seen up at 1.6662 and support moves up to 1.6606.
