GBP Mid-day Analysis

The Pound continues to see anemic economic results that in turn facilitate the downward march on the charts. Overnight softer UK consumer confidence results, weak German retail sales figures and a rise in Italianjobless rates simply contributes to the ongoing dominance of the Dollar relative to the Pound. Sell rallies to 1.6013in the December Pound looking for an eventual return to the mid-October lows of 1.59.