The Pound continues to streak higher on the charts as the macro economic differential edge has beenjoined by talk that the interest rate differential is set to expand. In fact, the BOE is now thought to be the mostlikely to “raise” rates and that comes while some central bankers are still considering additional stimulus. Grantedthe US central bank is removing excess stimulus, but some think the extraction is premature and may come backto haunt the Fed. The biggest threat to the bull camp in the Pound is the expanding overbought condition and thepotential for factoring in too much near term growth in the exchange rate. Support moves up to 1.6672.
