Economic news from China was good enough and with somewhat positive US scheduled data expectedlater this morning, we suspect that the Pound will forge another upside breakout on its charts. In fact, seeing UKunemployment fall to the lowest level since February of 2009 reiterates the Pound as a recovery currency.Therefore solid UK data and dovish dialogue from a couple of US Fed members yesterday might mean that theUK is the odds on favorite to be the first major central bank to hike interest rates. New contract highs expecteddirectly ahead.
