With conditions drifting back toward normal in the global economy, some what favorable Ebola news flow and supportive central bank dialogue from the end of last week, the Pound is set to benefit from its “recoverycurrency” standing. However, a significant down trend channel resistance line is seen today up at 1.6224 and thatresistance line falls down to 1.6210 on Tuesday. Pushed into the market, we favor the upside especially if a riskonvibe is allowed to settle back into place ahead.
