Institution: If the Bank of England takes a cautious stance on interest rate cuts, the pound may rise

ChainCatcher news, Ebury strategist Matthew Ryan stated that the pound may strengthen due to the Bank of England's cautious stance on interest rate cuts. Regardless of the results of the UK economic data this week, the Bank of England is expected to keep interest rates unchanged on Thursday. This data includes Monday's PMI, Tuesday's labor market report, and Wednesday's inflation figures.

However, this data may influence the number of votes against interest rate cuts. Nevertheless, compared to other regions, the UK's high interest rates, resilient economic growth, and the ongoing friendly relations between the UK and the EU will support the pound's exchange rate against the dollar and the euro to rise before 2025. (Jin Ten)