The Pound continues to lead the pack against the Dollar, with another fresh contract high thrustovernight. In addition to news that UK Services PMI rose, the trade also saw noted improvement in job growthand there were also very favorable Irish service sector readings released overnight. For the time being, the Poundis the leadership currency and that might not change until the US claims are released on Thursday. However,unless US claims show a definitive decline, it could be difficult to reverse the upward course in an extremely welldefined up trend pattern in the Pound.
