GBP Mid-day Analysis

While the Pound remains under pressure from the pro-Dollar tide, it should begin to see relative strengthagainst other currencies like the Yen, Swiss and Euro. In fact, the Pound might see relatively solid support on itscharts at 1.5819 and 1.5786. In order to turn off the down trend in the Pound requires significantly upbeat UK datafrom at least 2 data points.