Like many other currencies, the Pound is definitively oversold but faced with ongoing bearish fundamentals. A lack of optimism following the independence vote, slackening UK data flows and dominance bythe US Dollar looks to leave the Pound mired in a downtrend pattern. In fact, fears of slack UK industrialproduction data on Tuesday probably sets the stage for more new lows for the move. Sell rallies in the Poundlooking for lower lows ahead.
