Strategists at Barclays Capital note that pound’s advance versus the greenback from November minimum at 1.5484 is continuing and that sterling may strengthen to the top of the daily Ichimoku Cloud at 1.5910.

If the British currency closes the day above this level, it will be possible to conclude, according to Barclays, that the current move is more than just a bounce within the downtrend and pond may climb to 1.6125-85.

Yesterday's spike low at 1.5665 is currently acting as support for the rate, claim the specialists.

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