According to Jinshi, Chris Weston, head of research at Pepperstone, said in a report that if the Bank of England starts cutting interest rates after September, it may drive the pound to appreciate, especially against the euro. He believes that there is a 50% chance that the Bank of England will cut interest rates in September. Weston tends to sell when the euro approaches the 0.8480 level against the pound, not now. Currently, the euro/pound EUR/GBP fell 0.4% to 0.8418, the lowest level since August 2022. According to Refinitiv data, the money market has digested the expectation of a rate cut of about 17 basis points by the Bank of England in September and fully digested the expectation of a 25 basis point rate cut in November.