Yesterday comments:
Instead of a down, GU did a surprise up. It broke the resistance at 1.458 and head straight to 1.47. US market did not take a beating as on Monday, after Treasury Secretary Timothy Geithner convinced Wall Street to give banks another chance Tuesday.

Fundamental:
Wednesday morning could prove to be another tumultuous time for the British pound, as two key UK releases will both hit the wires at 16:30 SGT. With job losses accelerating, the UK's recession is unlikely to bottom out anytime soon and thus, disappointing results could lead to a sharp GBP/USD pullback. On the other hand, better-than-anticipated figures could provide a boost to the currency.

Technicals:
CCI is consolidating. It has reversed after yesterday sprang up. It still has steam to down to come to a oversold position of more than -100. Now is hovers at -10.

Trend: flat
Support at 1.452 and resistance at 1.475.