Credit Agricole: Bank of England's decision to maintain interest rates will support the pound
According to a report by Jinshi, analysts at Market 360 of Fabank said that if the Bank of England continues to keep the door closed for interest rate cuts, it is expected that the pound will receive support. The report stated: "Currently we believe that while other G10 central banks have already cut interest rates, the Bank of England's decision not to cut rates further supports the pound." Therefore, analysts at the bank remain optimistic about the pound, with low uncertainty regarding the general election and reduced concerns about the current account deficit.
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