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Strategist: The guidance and voting ratios of the Bank of England are crucial for the British Pound.
Jin10 reported on August 6th that Ebury strategist Matthew Ryan stated in a report that the reaction of the pound to the Bank of England's meeting on Thursday depends on the voting ratio of the interest rate decision and the Central Bank's guidance on future interest rates. He expects the Bank of England to decide to cut interest rates by 25 basis points with a 7 to 2 voting result. However, it wouldn't be a major surprise if Bank of England policymakers Dhingra and/or Taylor voted to cut interest rates by 50 basis points as they did in May. He said this could trigger a dumping of the pound, and the Central Bank's gradual cautious guidance on interest rate cuts would also be canceled.