British Pound Bounces off Return Move to November 2010 Bear Trendline and Bullishly Sloped One Month Average

 The Yen, Euro, and Swiss were all down about 1% today, while the Pound was unchanged after a test of its one month average. Early session weakness in the Pound may have come from the following headline (Yet everyone is expecting the BOE to raise rates in Q3, hence staying positioned long the Pound now)  ·  Bank of England Keeps Asset Plan, Benchmark Rate Steady as Inflation Soars

The obvious BP/EU cross rate headline was ·  Pound Rises Against Euro Amid Speculation BOE May Be Forced to Raise Rates