Gate.io: Pound may have the potential to pump further

On August 27, Jinshi Data News, Chris Turner, an analyst at the Dutch International Bank, said that the pound may extend its gains as the British currency market has not fully responded to the speech by Bailey, the governor of the British Central Bank, at Jackson Hole last Friday. Unlike Powell’s comments, Bailey remains concerned about ‘underlying’ inflation and believes that the economic costs of tightening policy have dropped. His comments have maintained the divergence in the stance of the interest rates of the United States and the United Kingdom, and the currency market continues to price in a smaller interest rate cut by the British Central Bank and a slower pace of interest rate cuts.