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2025-07-31 17:02:57
Interest Rate Cut Concern: A Countdown to the Fate of the Pound? ⑴ Market data shows that investors are closely focused on the Bank of England's interest rate decision on August 7th. ⑵ Based on the latest data insights, the market generally expects the Bank of England to initiate a rate cut at this meeting, with an 82% probability of a specific cut to 4.0%. ⑶ This data clearly outlines a strong market consensus for a policy shift by the Bank of England. ⑷ A recent report from strategists at Royal Bank of Canada Capital Markets further reinforces this expectation. ⑸ They predict that the Bank of England will approve the rate cut by an overwhelming vote of 8 to 1, with only one member potentially expressing reservations. ⑹ This near-unanimous vote undoubtedly casts a shadow of uncertainty over the short-term trajectory of the pound. Traders should closely monitor the impact of this major event on the foreign exchange market.
