According to reports from Jin Ten Data, analysts at TD Securities stated that if the Bank of England's policy decision on Thursday implies a greater intensity in 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 trade uncertainty, the Bank of England may lower its economic growth expectations and remove the word 'gradual' from its rate cut guidance. The inflation levels are below market expectations and the forecasts from the monetary policy report, giving members confidence to continue lowering interest rates.