The Pound is fortunate to be in favor this morning as the BOE overnight floated some dovish commentary. However, the Pound was punished in the wake of this week’s global macro-economic letdown andwith an improvement in sentiment, the Pound is benefiting from short covering and a smattering of fresh outrightbuying. Down trend channel resistance sits at 1.6090 this morning and an early morning rise above that levelgives the bull camp an added technical edge.
