GBP Mid-day Analysis

Not surprisingly, the UK has produced more stellar economic results overnight with UK manufacturingcoming in better than expectations at 57.7! Keep in mind, 50.00 is reportedly the growth/no growth line and theUK data overnight was a full 7.7 points above that key junction. Unless the US data is surprisingly strong thismorning, it could be difficult to derail the Pound from more new highs. Support in the September Pound moves upto 1.7105.