Gate.io: Bank of England has not yet met the conditions for interest rate cuts and will be more cautious than the Federal Reserve.

Odaily Planet Daily News According to reports, the Central Bank of the United Kingdom will announce its policy decision tonight. It is widely expected that the Central Bank will keep the Interest Rate unchanged. Prior to this, the British pound against the US dollar GBP/USD slightly increased. Netherlands International Group analyst Francesco Pesole pointed out in a report that Inflation has not eased to the extent that further easing is needed. He said that people believe that the UK Central Bank is more cautious than the Fed, which has helped to strengthen the pound. 'This should not change after today's meeting,' Pesole said. The pound against the dollar may rise to above 1.33 before the weekend, while the euro against the pound may fall to below 0.84. (FXStreet)