The Pound made a brief move below the 1.5800 level in the wake of this morning’s UK Trade Balance data, but has managed to find its footing as market attention shifts across the Atlantic. There have been fewhighlights with recent UK data, which has put potential BOE rate hikes even further beyond the market’s horizon.There may be more short-covering potential with the Pound than with other major currencies from any potentialweakness in today’s US jobs data, but a move back towards the 1.6036 level would provide a fresh sellingopportunity.
