The Pound has seemingly found some value on the charts and it would appear that the UK economystands head and shoulders above most others but that the relatively expensive recent price in the Pound waspredicated on better global growth than has been presented to the trade recently. However, the Pound hascorrected and it is now close to long term uptrend channel support of 1.6707 today and that support line rises to1.6713 on Monday. Forced to buy a currency it would be the Pound but buying the Pound is similar to buying theS&P.
