With a tempering of global economic anxiety, the Pound has found support on its charts. However, forthe Pound to return to its recent highs probably requires definitively positive US equity market action this morning.On the other hand, there continues to be very little strong competition in the currency markets and that mightleave the Pound capable of returning to the recent highs and beyond. Support in the September Pound moves upto 1.7096 and resistance is not seen until a breakout level of 1.7170.
