The Pound has failed again on the charts overnight and that action was largely the result of softer thanexpected May UK retail sales figures, some geopolitical drag from the Scottish issue and from reports of a UKcorporate fraud investigation. It is also possible that the Pound is simply being seen as overvalued in the face ofmostly non-descript global economic readings of late. Critical support is seen at 1.6748 and then again down at1.6727.
