GBP Mid-day Analysis

Of all the currencies, the Pound looks to have the best fundamental headline flow to start the new trading week. With the Pound significantly oversold on the charts, UK manufacturing growth surprising the tradethis morning on the upside and the December Pound building a value zone around the 1.60 level, the odds of alow in the Pound being in place are increasing. Critical support is seen down at 1.5936 and there might not bemuch resistance until the 1.6141 level.