Gate.io: Pound faces impact of repricing on UK rate cut bets

On November 13th, Jin10 Data reported that ING International Group stated that the cautious expectation of the market for a rate cut by the Central Bank of England may be re-priced, and the pound seems easy to be affected. ING International Group analyst Francesco Pesole said in a report: “The market expects a small probability of a rate cut in December, or even none at all. There are only 50 basis points in total by September 2025.” He said that the risk still tends to be priced by the market for further rate cuts. However, this may take time because the market will act cautiously when evaluating the impact of the UK government’s recent budget on inflation. Meanwhile, given the weakness of the euro, the euro against the pound may remain near 0.8300.