Pound Sterling started July deep in the red against the Dollar and Euro, and further losses are likely says a leading analyst. The Pound to Dollar exchange rate fell by over a percent on July 01 to go below 1.20 and quotes at 1.1977 at the time of writing, the June 14 low is at 1.1934. Declines come alongside a major decline in UK government bond yields, a sign that the market is paring back its expectations for future Bank of England interest rate rises. The UK ten year government bond yield fell 5.0% on July 01 and was back to levels seen on May 31. Falling bond yields signal increasing investor expectations for a ... (full story)