With almost no competition from other currencies, stellar UK jobs news overnight and the Poundrecently off a noted month long corrective slide, we have to leave the Pound as the dominating currency. Theheadline that the UK workers tally reached an all-time high with 30.5 million employed in April probablyovershadows the US payroll news of last week and that leaves the Pound with the macro-economic differentialedge. Up-trend channel support in the June Pound is seen today down at 1.6737 but that trend line support risesto 1.6753 by this coming Friday. However it could be important for the June Pound to manage a near term riseback above its 50 day moving average up at 1.6783.
