International Netherlands: If the Bank of England hints at further rate cuts, the pound may fall.

Jin10 data June 19 news, analysts at ING, Francesco Pesole, stated in a report that if the Bank of England indicates that the rate cut may exceed current market expectations in tonight’s interest rate decision, the pound may fall. According to LSEG data, the market expects the Bank of England to keep interest rates unchanged and anticipates nearly two rate cuts for the remainder of the year. Pesole said the Bank of England is likely to broadly support these expectations. However, considering the recent series of weak data released in the UK, the risk of additional rate cuts is slightly skewed to the upside. Pesole indicated that ING still expects the pound to appreciate against the euro in the near term.