The rise in the Pound continues in the wake of stellar UK construction results but the Pound is short term overbought and it could be minimally vulnerable to corrective action in the event that US jobs figures arebetter than median expectations. In other words, the up-trend in the Pound is the most dominating trend in thecurrency markets and it will continue unless the US jobs results create some positive “noise”. Up-trend channelsupport in the Pound is seen at 1.7036 and that support rises to 1.7055 on Thursday.
