After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.Retailread more
Ford is one of four automakers that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip the state of...Autosread more
See which stocks are posting big moves after the bell.Market Insiderread more
* Pound sheds 0.5% vs dollar and euro
* Traders prepare for labour market data on Tuesday
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv
LONDON, July 15 (Reuters) - The British pound fell back towards six-month lows against the dollar and the euro on Monday, with traders still nervous about a loss of momentum in the UK economy, the prospect of an interest rate cut and a new prime minister.
At the end of last week, sterling ended a nine-week losing streak against the euro and inched up from a low of $1.2439 hit at the end of June.
However, analysts are largely bearish on the pound after a run of poor economic data and signals from the Bank of England that its next move may be to cut interest rates rather than raise them, as it had previously flagged.
The pound fell 0.5% to $1.2510, while against the euro it declined 0.5% to around 90 pence.
Sterling had hit a six-month low of 90.10 pence per euro last week.
On Tuesday, employment and wage growth data for the month of May will show how the British labour market is holding up. Many economists expect the UK economy will have contracted in the second quarter.
Investors are also waiting for the outcome of the Conservative party leadership contest to replace Prime Minister Theresa May.
Eurosceptic Boris Johnson is the favourite to win against Jeremy Hunt in a vote by Conservative party members. The winner will be crowned leader - and prime minister - by the end of July.
Nomura FX strategist Jordan Rochester said the bank's analysts had concluded that sterling was "in the value zone for now, vols are cheap and a lot of bad news is priced in, but that's just for the next six weeks or so".
"In September, hard Brexit risks will once again be priced in by markets," he wrote in a research note.
Britain is scheduled to leave the European Union on Oct. 31.
David Madden, analyst at CMC Markets, noted that on a technical basis, sterling/dollar "has been driving lower since mid-March, and if the bearish move continues it might encounter support at $1.2365 region." (Reporting by Tommy Wilkes; Editing by Jon Boyle and Kevin Liffey)