According to Jinshi Data, Nomura Securities said that the pound may rise further after the Bank of England voted 8 to 1 to keep interest rates unchanged and hinted at a cautious pace of future rate cuts.
Nomura Securities analysts said in a report that the Monetary Policy Committee does not seem to be in a hurry to cut interest rates. Current expectations for rate cuts seem too high and may be reduced, which should be beneficial to the pound, especially when global risk appetite improves and many other central banks may cut interest rates faster than the Bank of England.
