The Pound has thrown off the liquidation tide that has been in place for roughly 8 trading sessions. Not surprisingly talk of the potential for rising UK rates is providing lift to the currency but one might also expect overtweakness in the Euro, Swiss and Canadian to be benefiting the Pound. The Pound was also supported in thewake of more evidence of a continuation of strength in the UK housing sector. Solid support is seen at 1.7108 andthere might not be significant resistance until the old high of 1.7169.
