The Pound continues to win by default but news that the BOE is moving to keep the UK housing marketfrom developing a bubble, highlights the trend toward higher UK interest rates. With the BOE head outlining newloan restrictions and acknowledging the potential for a problem off tight housing supply and surging housingdemand, one gets the sense that the London economy in particular, is head and shoulders above most G7economies. With US data yesterday slack, the Euro and Swiss off balance to start today, the September Poundhas regained its bullish footing and that leaves 1.6960 as a solid support point and resistance might not be seenuntil the 1.7041 level.
