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.
Pound Sterling has turned lower again following a strong run and we forecast the pullback to extend in the coming days if equity markets continue to struggle. Eurozone and UK PMIs are the week's focus.