Technical analysis of moving averages - measures of currency prices over time - has suggested the pound may witness further declines in the coming months.Bloomberg reports that the pound's 50-day moving average yesterday (October 13th) slipped below the 200-day moving average, a position known as a dead cross.Speaking to the news agency, Hans-Guenter Redeker, head of global currency strategy in London at BNP Paribas SA, France's biggest bank, commented: "It's going to have a long-term impact in the market, not necessarily today. Sterling is going to remain fairly weak."The pound yesterday plumbed depths not seen since March 27th after official figures showed inflation running at a five-year low. The weak data knocked the wind out of hopes that the Bank of England would be able to pare back its fiscal stimulus programme and raise interest rates.At its monthly policy meeting on Tuesday, the Monetary Policy Committee voted in favour of maintaining interest rates at 0.5 per cent and holding its asset purchase programme at £175 billion.