Lates News

Danish bank analysts said in a report that the Bank of England may cut interest rates on Thursday, but the pound's reaction is expected to be muted. These analysts said that the market generally expects the Bank of England to cut interest rates and that the central bank may maintain guidance on gradually easing policy. Following Thursday's decision, the Danish bank expects the pound to weaken as it forecasts that the Bank of England's rate cut in 2026 will exceed market expectations. Uncertainty, signs of weak economic growth in the UK, and a bearish environment with the US dollar may also put pressure on the pound. The Danish bank expects the Euro to rise to 0.89 pounds against the pound within 6 to 12 months. The Euro against the pound fell by 0.2% to 0.8710 pounds. The pound against the dollar remained unchanged at 1.3281 dollars.