Financial markets are getting excited about a Bank of England rate cut potentially as early as this Thursday, ING's FX analyst Chris Turner notes.
New Zealand Dollar (NZD) could edge lower and test 0.5720. In the longer run, NZD is under mild downward pressure, and could edge lower, potentially testing 0.5700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. 
There are risks associated with continued rate cuts from the Turkish central bank (CBT) against a background of re-accelerating inflation expectations. Household inflation expectations once again recorded an acceleration, with the 12-month forward expectation accelerating to 54.4% in October.