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Ebury: The stance of the Bank of England is a double-edged sword for the pound.
Jin10 reported on August 7 that Ebury strategist Matthew Ryan stated in a report that the Bank of England's cautious stance on interest rate cuts during Thursday's meeting is a double-edged sword for the pound. Although the prospect of higher interest rates for a longer period should boost the pound, the unwillingness to loosen policy may "cause further damage to the already fragile UK economy."