Having recently suffered a bout with the stomach flu, I can commiserate with the lowly pound. The market, like the human body, attempted to rid itself of poisons today and seems to have done the job, at least in the near-term. Rebounds should run into resistance in the 1.4045 area. Trendline resistance at 1.4080 should put up a stronger fight on bounces.
It is astounding to think that Friday morning we were within shouting distance of 1.5000.
