The Bank of England continued prepare the UK for a potential interest rate cut on Friday, July 12, with Monetary Policy Committee member Gertjan Vlieghe saying Threadneedle Street could potentially cut interest rates to boost demand if Britain faces repeatedly extended Brexit deadlines and a slowing global economy.

July 12,2019

Comments from Bank of England MPC member Tenreyro add to expectations for an interest rate cut, which should weigh on Sterling going forward.

July 11,2019

The release of GDP and other economic data mid-week are being tipped as a potential catalyst for a short-term relief rally in Pound Sterling.

July 10,2019

The British Pound has come under more concerted selling pressure in the London session on Tuesday with a fall below 1.25 against the U.S. Dollar looking to be a catalyst to the broader sell off in the Sterling family.

July 10,2019

The British Pound is trading towards the lower end of multi-month ranges against both the Euro and U.S. Dollar as a new week of trade that should be dominated by ongoing political intrigue commences.

July 8,2019

The Turkish Lira fell sharply Monday as markets responded to a Saturday decision by President Recep Tayyip Erdogan to fire Murat Cetinkaya, governor of the Central Bank of the Republic of Turkey (CBRT), although the currency remains at risk of dramatic losses against Pound Sterling and the Dollar in the months ahead. 

July 8,2019