The market's reaction to the Bank of England cutting interest rates next week may be relatively mild.

Morgan Stanley analyst Fabio Bassanin stated in a report that if the Bank of England cuts interest rates by 25 basis points next week, investors' reaction may be relatively muted as this move has already been widely anticipated by the market. "From current valuations, we expect the market reaction to remain moderate, as expectations still reflect a quarterly rate-cutting pace." Bassanin pointed out that the market may focus on the voting split in this decision and interpretive passages in the meeting minutes. The current probability in the currency market shows an 82% chance of a rate cut at the upcoming Bank of England meeting.