While the Pound remains in an upward track on its charts, the currency is somewhat held back to startby less than stellar Halifax home price figures released overnight. However, the prospect of less angst towardRussia, a modest improvement in sentiment toward the Chinese economy and a slightly more balanced technicalcondition after the recent setback, should leave the bull camp with an edge. Initial support is seen at 1.6939 andresistance is pushed up to 1.6992.
