GBP Sterling Will Fall Further on Interest Rate Cut

According to Neil Mellor, a currency strategist in London at Bank of New York Mellon Corp, the inflation in the UK will spike then comes down, allowing the Bank of England (BoE) to cut interest rate soon. This will cause the UK pound sterling to fall further to the ground.

This will give us a good chance for short selling. The British pound sterling (GBP) has shown a decline yesterday after a bouncing up for a few days.