GBP Mid-day Analysis

A temporary recovery of the Pound might only be a prelude to a resumption of downward motion. Look to sell rallies back to 1.5712 in the December Pound using a tight stop up at 1.5790. A more significant down trend channel resistance line in the December Pound is seen up at 1.5923 but that resistance line falls down to 1.5869 by next Monday.