Strategist: If the Bank of England cuts interest rates more than expected, the pound will face a blow

ChainCatcher news, according to Jinshi reports, a strategist at TD Securities stated in a report that the British pound will face pressure as the Bank of England's rate cut may exceed market expectations.

After a recent series of better-than-expected UK economic data releases, strategists now expect the Bank of England to cut rates in May instead of March. However, they still anticipate a total rate cut of 125 basis points this year (including 25 basis points this month). The market expects an additional 50 basis points cut later this year.

Strategists noted that investors remain optimistic about the pound, which makes it susceptible to further downward corrections. Additionally, the increasing uncertainty surrounding President Trump's tariff plans may put pressure on the risk-sensitive pound against the dollar.