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2025-09-17 20:04:19
[Strategist: The probability of the Bank of England cutting interest rates has decreased, but the pound remains fragile] Convera strategist Antonio Ruggiero said in a report that although the UK's inflation and employment data this week further reduced the possibility of the Bank of England continuing to cut interest rates, the pound remains fragile. He pointed out that the structural resistance facing the pound continues to exist; if the Federal Reserve cuts interest rates as expected but releases cautious policy guidance, the pound may face a risk of falling. Ruggiero said that the Fed may reiterate its willingness to cut interest rates, but given that price pressures remain a "real concern", it remains uncertain about the future policy path. He said that in this case, the pound may fall back below $1.36
