The Pound is showing signs of winning by default again and that is a function of a rise in UK home prices and it might also be partly the result of mixed US scheduled data flows and ongoing angst toward the Euroand Swiss that is being generated by Russian behavior. Up-trend channel support in the Pound is seen at 1.6565today and that support line moves up to 1.6578 next week. In order to totally ignite the upside in the Poundprobably requires a string of positive UK data and or widespread risk-on sentiment.
