The broad based improvement in global economic views, ongoing stimulus efforts by China and the push back in US rate hike timing clearly favor the bull camp in the Pound. With the exception of the US economy, the UK might be the next likely G7 candidate for raising interest rates and that is not lost on the currency trade. Near term support in the March Pound moves up to 1.5479 and there might be little in the way of resistance seen until the 1.5612 level.
