Whether it's 1.54 or 1.49, the bottom for the Pound is in. At this point we may see a long term consolidation, but eventually the pound looks like it will move much higher. I believe the USD and GBP will be the strongest two currencies among the rest, so look to go long GBP against the weakest currencies. GBPAUD, GBPCAD - all present terrific opportunities to go long for the long term. Overtime, the chart tells me the GBP will reach 1.70 once again against the dollar, and maybe even 1.95.