The March Pound appears to have formed a quasi double bottom low around 1.6472. Themacroeconomic edge seen from the UK economy relative to the US might be enhanced in the wake of scheduled US data flows this morning but the presence of the FOMC meeting later this week might keep a cap on the Pounduntil the decision of the Fed is known. Uptrend channel support in the March Pound can be bought down at1.6352 but that support level rises to 1.6393 by this coming Friday.
