The Pound forged a rather narrow range overnight but retained a bullish setup. Supportive UK inflationdata, a decline in the Irish unemployment rate and a strong private consumer confidence Index reading combinefor a bullish fundamental setup in the Pound. With the Dollar lacking leadership capacity, the Yen locked in arange and the Swiss slightly off balance overnight, the Pound and the Euro look to remain the leaders. Up-trendchannel support in the June Pound is 1.6780 today but that support line rises to 1.6792 on Friday.
