Overt weakness in the Euro, Swiss, Yen and Canadian has finally provided some cushion to the Pound. The Pound is probably drafting some support from news that the BOE is starting to see debate on the timing of arate hike and it also appears as if some positive August UK Industrial output figures released overnight haveprovided the currency with a fresh lift. In short, the Pound has found fundamental and technical support above the1.66 level and that could signal an end to the downside correction. Keep in mind, the UK economy has positivemomentum and an abatement of Ukraine tensions could foster a noted recovery ahead.
