According to Jin Ten data, a TD Securities analyst stated that if the Bank of England's policy decision on Thursday suggests a stronger push for rate cuts, the pound may weaken. It is expected that the Bank of England will cut rates by 25 basis points with a vote of 8 in favor and 1 against, with Dingra possibly supporting a 50 basis point cut.
Against the backdrop of increasing uncertainty in trade, the Bank of England may lower its economic growth expectations and remove the word 'gradual' from its interest rate cut guidance. The inflation level is below market expectations and the forecasts in the monetary policy report, which gives members confidence in continuing rate cuts.