In a surprise shift the Pound has managed to throw off its recent pattern of weakness and it hasmanaged that action in the wake of slack Chinese data. One comes away from the action this morning in thecurrency markets with the idea that overt weakness in the Dollar is providing a massive lift to all non dollarcurrencies. Perhaps the Pound is garnering some lift from positive US equity market action and it might also begaining ground off news that Chinese January/February retail sales managed to gain 11% over year ago levels.There might be little in the way of resistance until the 1.6750 level ahead.
