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)

ChainCatcher news, after the Bank of England cut interest rates, the pound fell against both the euro and the dollar, expected to record its worst weekly performance since April. Market movements may be exacerbated by adjustments in long positions on the pound. The yield on 10-year UK government bonds is set to record the largest weekly decline since December of last year.