* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv
LONDON, July 12 (Reuters) - The pound edged higher on Fridaybut was set for a record 10th week of consecutive losses againstthe euro as weak data and the growing possibility of interestrate cuts after a chaotic Brexit kept investors sidelined.
Hopes the Bank of England will raise rates have been one ofthe few supports for the pound in recent weeks, as the FederalReserve, the European Central Bank and other central banksturned dovish. Recent dismal data have dashed those hopes.
At the same time, concern has grown about a no-deal Brexit.The favourite to be next prime minister, Boris Johnson, seesthat Oct. 31 deadline as set in stone, regardless of whetherBritain reaches an agreement with the European Union on theterms of its departure.
At a Thomson Reuters event on Friday, senior Bank of Englandofficial Gertjan Vlieghe said the central bank might need to cutrates almost to zero in the event of a no-deal Brexit, and itwas not clear how long it would take for them to rise again.
As a result, the pound has struggled this week against othercurrencies, notably the dollar and the euro.
Versus the euro, the pound was flat at 89.81pence, but was still on track for a record 10th consecutive weekof losses.
Against the dollar, the pound edged 0.1% higher at$1.2539.
But some market watchers are turning optimistic towards thepound after its recent drop.
"Current levels make sterling the second-cheapest G10currency after the yen from a valuation perspective. We thinkthis weakness is overdone and sterling is due for a rebound,"UBS strategists said in a note.(Reporting by Saikat Chatterjee, editing by Larry King)