British Pound Pressured Amid Interest Rate Cut Expectations

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Recorded10 Nov 2025

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British Pound Under Pressure: Interest Rate Cuts and Wage Data in FocusThe British pound faced challenges, dropping below 0.88 against the Euro but holding above 1.31 against the US dollar. This shift coincides with anticipation of upcoming UK economic news. A significant factor is the growing likelihood of a Bank of England interest rate cut, with a 60% chance in December. Wage data release on Tuesday could reinforce this expectation, while ING analysts prefer the pound to stay above 0.88. The upcoming UK jobs report is crucial, as it may sway the Bank of Englands decision and shape the pounds future trajectory.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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