The Pound appears to have found near-term support just above the 1.6950 level but in spite of comparatively good UK economic data, it is having a difficult time putting together any sort of recovery. There areno major UK data points until later this week, so the Pound will continue to be weighed down by carryoverpressure from the Euro zone. The Pound should hold its ground above the recent lows, and would clearly be amajor beneficiary of any reduced tensions out of Ukraine.
