According to Jinshi Data, analysts at TD Securities said that if the Bank of England's policy decision on Thursday hints at more interest rate cuts, the pound may weaken. It is expected that the Bank of England will cut interest rates by 25 basis points with 8 votes in favor and 1 vote against, and Dingla may support a 50 basis point cut.
Against the backdrop of heightened trade uncertainty, the Bank of England is likely to cut its economic growth forecasts and remove the word "gradual" from its rate cut guidance. Inflation levels are lower than market expectations and forecasts in the Monetary Policy Report, giving members confidence to continue cutting rates.