Nomura Securities: Pound may further pump after the cautious interest rate cut decision by the Central Bank of the UK

Jinshi data, September 20th news, Nomura Securities stated that the Bank of England decided to maintain the Intrerest Rate with a vote of 8 to 1 on Thursday, and hinted that after the cautious pace of future interest rate cuts, the pound may further pump. “The monetary policy committee does not seem to be eager to cut interest rates,” Nomura Securities analysts said in a report. They said that the current expectations of interest rate cuts seem to be too high, which may be beneficial to the pound, especially when global risk appetite improves, and many other Central Banks may cut interest rates faster than the Bank of England.