CoinVoice has recently learned that Commerzbank stated in a report that the Bank of England issued a cautious signal regarding potential rate cuts on Thursday, indicating that the pound is likely to perform well in the coming months. Analyst Michael Pfizer mentioned that the Bank of England is unlikely to cut rates in December as it has raised its inflation and economic growth forecasts for 2025-26.
The Bank of England has 'clearly' taken into account the UK's recent budget, suggesting that it may be more expansionary in the short term than previously expected. 'This indicates that the Bank of England will continue to cut rates at a much slower pace than the European Central Bank, while the UK economy may grow much faster than the Eurozone.' [Original link]