Ebury: The Bank of England is expected to keep the interest rate unchanged until the end of the year, providing support for the pound.

Jin10 data reported on October 27, Ebury strategist Matthew Ryan stated that the Bank of England is unlikely to cut interest rates again before the end of the year, which should provide some support for the pound. The UK's inflation rate remained at 3.8% in September, while the market had previously expected it to rise. This outcome has reignited market speculation that the Bank of England may cut rates in December, but Ebury does not believe this will happen. Ryan pointed out that the inflation level is still closer to 4% rather than 3%, almost double the Bank of England's target of 2%, and there is currently no conclusive evidence that price pressures have peaked. Unless there is a significant deterioration in economic activity data, the Bank of England will maintain interest rates, which should be slightly favourable for the pound.