While the Pound saw some support from reports of hawkish views from some BOE officials, the trade realizes that a UK rate hike would require a very noted improvement in UK economic data and perhaps even a noted improvement in global economic sentiment. As it stands, the drag from Europe, the drag from the Ukraine and the expectation of disappointing ECB QE probably leaves a layer of resistance hanging over the Pound. Significant overhead resistance is seen up at 1.5228 and then again up at 1.5261.
