The Pound remained off balance overnight, as UK inflation expectations sparked deflationary dialogueovernight. One might also expect some pressure on the Pound, off the initial slide in global equities and it is alsopossible that the Pound could seem some additional pressure off slack durable goods data, as the Pound in a1.65 to 1.6750 range is probably priced for forward progression in the global economy. As in other financialmarkets, we expect the flow of negative US economic news to continue into the March 7th date and we wouldsuggest waiting for a break in the Pound below 1.65 to get long on a position play.
