GBP Mid-day Analysis

The general track of the Pound remains up but the coming 36 hours of trade might present someheadwinds as news of a possible Crimean annexation to Russia have complicated the Ukrainian solution. It isalso likely that US weather impacted data will keep the global recovery view cloudy and that in turn might restrainthe Pound from near term gains. However, favorable UK data and ideas that the US weather influence istemporary should ultimately leave the Pound in an up trend. Traders should be bullish toward the Pound butaccepting of the prospect of a temporary correction back down to up trend channel support at 1.6655 to 1.6638.