Pound may fall

Yesterday the pound closed at $1.87075 against the dollar and it felt as if the pound will continue it's rise today after reports that even though inflation remains a concern for plicy makers , there was a rise in house values in the UK . But when the markets opened today , the pound seems to be dangling between $1.8608 and $1.8587, which is pretty low than the expected rate against the dollar. I feel that the dollar will do good today keeping the pound down after encouraging signs of rise in retail sales in September increasing the consumer confidence , which may dissuade the Federal Reserve from lowering rates. Hence allowing firmness to dollar and bringing the pound down.