The second half of this year is expected to see a significant rise in volatility in financial markets as G7 Central Banks begin to make good on their commitments to cut short-term interest rates.Several members of the Bank of England’s Monetary Policy Committee have “pledged” that if inflation continues to fall, and there is no spike in wage demands, cuts will begin in the current quarter.The Bank’s Chief Economist, Huw Pill, and two of the independent members of the committee remain slightly more hawkish than their colleagues regarding the cuts' number and incremental value.Pill wants to be “convinced” that inflation will not flare up once cuts begin, although he has not provided any criteria for that to happen. Catherine Mann and Jonathan Haskell both see the economic risks as being balanced. They believe that inflation is not yet under control while growth is beginning to become more easily attainable, although geopolitical conditions are still a concern. Beyond Currency Market Commentary:Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.