Gate.io: If the Central Bank of the UK strengthens the expectation of interest rate cuts, the pound may plummet significantly.

On July 29th, Jin10 Data reported that if the Bank of England cuts interest rates on Thursday, and this leads to expectations of further rate cuts in the future, the pound may fall sharply. Analyst Francesco Pesole said that the Bank of England may decide to cut interest rates by 25 basis points with a vote of 6 in favor and 3 against, while the current market expectation is a 13 basis point cut. We believe that there are also some pricing differences in the expected rate cuts for the year, with the market currently expecting a 52 basis point cut, while we predict 75 basis points. If the Bank of England cuts interest rates, the expectation may be for two more cuts, which would significantly weaken the pound.