The Pound has slowly recovered in the wake of a shift back toward a global risk-on vibe. With US andChinese numbers coming in more positive of late that in turn has resurrected long interest in the Pound whichsome viewed to be ahead of reality into the May highs. However, it now appears that the 1.6694 level is a strongvalue zone and another round of positive US data and more gains in global equities could leave the Pound in aposition to regain the 1.6800 level later this week.
