Pound Sterling Recovery Pound sterling making a very nice recovery on better than expected economic data out of the U.K. Now comfortably above 1.32 v USD. Management H2 guidance assumed a 1.31 exchange rate. Things are moving in the right direction. Bottom is behind us and smart money is getting into the stock. Just a matter of time before we get to fair value in the market for this company with or without a take over bid.