ING: The Bank of England has not yet met the conditions for a rate cut and will be more cautious than the Fed
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Odaily Odaily: The Bank of England will announce its policy decision tonight, and it is widely expected that the central bank will keep interest rates unchanged. Before that, the pound sterling GBP/USD rose slightly. In a report, Francesco Pesole, an analyst at ING Group, pointed out that inflation has not eased to the extent that further interest rate cuts are needed. He said that people believe that the Bank of England is more cautious than the Federal Reserve, which has contributed to the strength of the pound. "After today's meeting, this should not change." Pesole said that the pound sterling may rise above 1.33 against the US dollar before the end of this week, while the euro against the pound may fall below 0.84. (Jinshi)
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