The British Pound is weaker across the board as the odds of a Bank of England rate continue a steady rise, with the market now odds-on for a cut to be announced tomorrow.
The Bank of England preview: downside and upside scenarios for the British Pound.
A buildup of long positions ahead of a potential interest rate cut on Thursday could hold back the British Pound.
Pound Sterling has retreated against the Euro and Dollar but extended gains against the Australian and New Zealand Dollars amidst deteriorating investor sentiment.