Institution: If the Bank of England takes a cautious stance on interest rate cuts, the pound may rise

CoinVoice has recently learned that Ebury strategist Matthew Ryan indicated that the British pound may strengthen due to the Bank of England's cautious stance on interest rate cuts. Regardless of the results of this week's UK economic data, the Bank of England is expected to keep interest rates unchanged on Thursday. This data includes Monday's PMI, Tuesday's labor market report, and Wednesday's inflation data.

However, this data may affect the number of votes against interest rate cuts. Nevertheless, compared to other places, the UK's high interest rates, resilient economic growth, and the ongoing friendly relations between the UK and the EU will lead to an appreciation of the pound against the US dollar and the euro before 2025. (Jin Shi) [Original link]