Like the Swiss and Euro, the trend in the Pound remains down and recent UK data on 3rd quarter Industrial production results would seem to leave the fundamental track in thePound pointing downward. News that the ECB will wait for recent stimulus action to sink in before acting again,has to be a little disappointing to the growth prospects in the UK. Ideas that the BOE will leave rate hike timingwell out into 2015, is another element serving to undermine the Pound. Sell the December Pound on a rally to1.6036.
