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2025-09-17 16:20:13
[Pound Sterling Holds Steady at 1.3638, Bank of England Holds Expectations Stronger] ⑴ The British pound held steady against the US dollar at around 1.3638. UK inflation data reinforced market expectations that the Bank of England will keep interest rates unchanged this week. ⑵ UK inflation remained at 3.8% year-on-year in August, in line with expectations in a Reuters poll, suggesting that further rate cuts are unlikely in the near future. ⑶ The market generally expects the Bank of England to keep interest rates unchanged at 4% on Thursday, in stark contrast to the Federal Reserve's impending rate cut. ⑷ The pound rose slightly against the euro, with the euro falling 0.07% to 0.8689 pounds. ⑸ Deutsche Bank economists noted that the August inflation data revised the previous month's unexpected upward trend, but the CPI may still take some time to peak. ⑹ Market focus shifted to the Federal Reserve, which is expected to cut interest rates by 25 basis points to a range of 4.00%-4.25% later on Wednesday. ⑺ The European Central Bank held interest rates steady last week, indicating a divergence in policy direction among major central banks.
