The Pound continues to hold within striking distance of its recent highs but the bull camp has to be alittle disappointed in the inability to sustain the move to new highs last week in the wake of the US data on Friday. Apparently the Pound was priced for perfection into its recent highs and therefore we can’t rule out a temporaryback and fill setback to initial support of 1.6841. Off a series of negative global macro-economic news headlines,the June Pound could fall to uptrend channel support on the charts down around 1.6745.
