The Pound seemed to anticipate disappointing UK February retail sales results and it would seem likethe Pound has seen some added pressure as a result of BOE comments overnight. However, the comments fromthe BOE on the UK economy would seem to increase the odds of respecting late February consolidation lowsupport around the 1.6615 level. We still see the Pound as a quasi equity market instrument, where animprovement in global economic sentiment should in turn rekindle the bull trend in the Pound.
