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2026-09-17 15:42:10
[Commercial Bank: Bank of England May Hold Rates Steady, Pound Faces Downward Risk] (1) In a report, Commerzbank analyst Michael Pfister pointed out that the Bank of England may hold rates steady at its meetings on Thursday and thereafter, which would put the pound at risk of decline. (2) He said that even if the Bank of England decides to raise rates this year, the market's current expectation of "more than four rate hikes by the end of next year" is unlikely to come to pass. (3) Pfister said that given the weak labor market, the Bank of England may disappoint market expectations more than other central banks, therefore the bank maintains its expectation of a weaker pound.
