Talk that the UK economy slowed its growth pace in the 4th quarter relative to the first 3 quarters of 2014 is limiting but talk that the UK might be capable of hiking rates sooner than some might expect has provided a cushion for the Pound to start today. In order to turn the downtrend pattern into an uptrend pattern on the charts probably requires a rise above down trend channel resistance lines of 1.5122 or perhaps another critical consolidation zone of 1.5160 to really shift the technical picture in favor of the bull camp.
