UK Interest Rate Cut Expected in August

There is a high likelihood that the interest rate in the United Kingdom will be reduced!🔹 Experts from banks like Goldman Sachs, Citigroup, and Morgan Stanley forecast that the Bank of England will cut interest rates by 25 basis points in the August meeting. If this cut occurs, it may lead to a weakening of the pound, with increased volatility in GBP currency pairs. Traders should pay close attention to inflation data and official statements in the coming weeks. An initial sell signal for the pound could emerge, especially in pairs such as GBP/USD or EUR/GBP.