Sterling expected to weaken further if BOE cuts interest rate
Economists expect BOE governor Mark Carney to drop rates below 0.5%
The pound looks set to extend its decline next week, when traders and economists predict the Bank of England will cut interest rates for the first time in more than seven years.
Sterling, which posted its third consecutive monthly drop against the dollar in July, has weakened versus all of its 31 major peers in the past three months. Britain’s vote in June to leave the European Union, along with recent economic data ...
