Capital.com's Daniela Hathorn said in a report that if the Bank of England cuts interest rates during the 1200 GMT interest rate decision, the pound may experience up and down fluctuations. According to data from the London Stock Exchange Group, the market has fully reflected the Bank of England's expectation to cut interest rates to 3.75%. The Bank of England's interest rate cut may cause British Treasury yields to fall and bring better prospects for improving macroeconomic conditions. Hathorn said, “The pound may fluctuate in both directions, as falling yields put pressure on the pound, but the improvement in macro confidence provides some offset. “The pound fell 0.2% to $1.3350. EUR/GBP rose 0.1% to £0.8778.

Capital.com's Daniela Hathorn said in a report that if the Bank of England cuts interest rates during the 1200 GMT interest rate decision, the pound may experience up and down fluctuations. According to data from the London Stock Exchange Group, the market has fully reflected the Bank of England's expectation to cut interest rates to 3.75%. The Bank of England's interest rate cut may cause British Treasury yields to fall and bring better prospects for improving macroeconomic conditions. Hathorn said, “The pound may fluctuate in both directions, as falling yields put pressure on the pound, but the improvement in macro confidence provides some offset. “The pound fell 0.2% to $1.3350. EUR/GBP rose 0.1% to £0.8778.