The Pound is showing the capacity to respect its recent lows and is managing that action despite astronger US Dollar and that might suggest an end to the recent corrective bias in the Pound. Perhaps the Poundis benefiting from favorable Chinese economic data and the fact that some equity market measures look to becapable of carving out more new all-time highs later this week. Critical support in the June Pound moves up to1.6724 and that support line rises up to 1.6740 on Tuesday.
