According to a report by Jinshi Data, Ebury economist Enrique Diaz-Alvarez stated that if the Bank of England hints that the market's expectations for interest rate cuts are excessive, the pound could be boosted. LSEG data shows that the market expects the Bank of England to cut rates by 90 basis points for the remainder of 2025. He believes that the Bank of England will find it difficult to meet these expectations and may wish to maintain selectivity. Additionally, the pound should benefit from a Labour government and closer UK-EU relations.