Even the Pound has failed to benefit from positive headline flow overnight. In fact, seeing the UK CBIretail sales volume virtually explode to a +30 reading from a +13 reading in March should have provided thePound with more lift. However, even with equities showing overnight gains, one gets the sense that the overallmacro-economic vibe is not willing to shift into a definitive risk-on mode. Nonetheless the trend in the Pound looksto remain up, with up-trend channel support pegged at 1.6721 today and at 1.6735 on Friday.
