The Pound has generally clawed out positive action on the charts over the last two weeks, but thePound is under initial pressure this morning because of disappointing UK manufacturing PMI readings softenedslightly in March. Up trend channel support is seen down at 1.6587 today and that support rises to 1.6609 onWednesday. We think the Pound needs to see positive US data to fully rekindle the up trend channel thatdominated the Pound for the second half of 2013.
