According to reports from Jinshi Data, UK inflation data exceeded expectations, leading the market to lower its expectations for a rate cut by the Bank of England. On Wednesday, the pound reached a three-year high against the dollar before reversing course. Ulrich Leuchtmann, an analyst at Deutsche Bank, stated that the pound's pullback indicates that the impact of revised interest rate expectations is gradually fading. The appreciation of the pound against the dollar mainly reflects the weakening of the dollar. The inflation data did not drive the pound stronger against the euro or the average levels of G10 currencies; the pound needs new catalysts to promote appreciation.