"Huge" Interest Rate Cuts and Austerity to Send Pound Sterling Lower Against Euro and Dollar
- Category: EUR
The fiscal straight-jacket of the UK's fiscal rules means the feel-good factor for the Pound can soon end.
Pound Sterling is forecast to trade with a heavy tone into a potential interest rate cut on Thursday.
Pound Sterling endured its biggest one-day drop since April as investors ramped up bets that the Bank of England would cut interest rates next week.
Pound Sterling holds an uptrend against the Euro as the UK economy looks to be outperforming that of the Eurozone this July.
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