The Pound has pushed to a fresh new high and that move is clearly justified by the latest positive flow ofUK economic news. Overnight UK manufacturing PMI saw another upside breakout and consumer and mortgagelending in the UK also rose moderately. Another reason for the Pound gains is the lack of challenge from theDollar and a very low macro-economic differential bar being set by activity outside of the UK. Expect more newhighs for the move.
