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International Netherlands: The Bank of England's interest rate expectations are favorable for the recent rise of the pound.
According to a report by Francesco Pesole, an analyst at ING, on August 27, Jin10 data indicates that the recent outlook for the British pound remains optimistic due to market expectations that the Bank of England will adopt a cautious interest rate cut strategy. The recent cooling of market expectations for a rate cut by the Bank of England continues to provide strong support for the short-term momentum of the pound. He stated that the EUR/GBP could fall below 0.8600. "As for the (GBP/USD), we still believe that a structural breakthrough of 1.35 is just a matter of time, not a question of whether it will break through."