The Pound continues to slide back from yesterday’s 4 1/2 year high and is finding moderate pressurethis morning. A surprising miss in the April UK Construction PMI number has been a source of pressure earlytoday, but the strength seen in recent UK data has kept the Pound supported in close proximity to new highground. This current uptrend looks to be headed well above the 170.00 level, so a pullback towards the lateconsolidation zone in reaction to a strong set of US Payroll numbers may be seen as an opportunity to approachthe long side of the market.
