Merrie Olde England

It has been a while since we update the British Pound Sterling analysis. But long-time readers will recall we continue to look for a bottom here, given the technicals, in part, of the FXB (ETF for the Sterling versus a basket of developed economy currencies). 

On the FXB weekly chart, below, the Pound has done an admirable job of moving to its highest level in roughly a full year. 

Going forward, as long as the FXB can avoid sharp rejection at the $131 level, a move up above $140 is within shot by the end of the year.