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Gate.io: The Bank of England has not yet met the conditions for interest rate cuts and will be more cautious than the Federal Reserve.
On September 19th, Jin10 Data reported that the Bank of England will announce its policy decision tonight, and it is widely expected that the Central Bank will keep the Intrerest Rate unchanged. Before this, the GBP/USD slightly rose. Francesco Pesole, an analyst at ING, pointed out in a report that the inflation has not eased to the extent that further interest rate cuts are needed. He said that people believe that the Bank of England is more cautious than the Fed, which has helped boost the pound. ‘This should not change after today’s meeting.’ Pesole said that the GBP/USD may rise to above 1.33 before this weekend, while the EUR/GBP may fall to below 0.84.