Dutch International Bank analyst: Testimony from Bank of England governor may affect pound trend

According to Chris Turner, an analyst at Dutch International Bank, if the Bank of England's Governor, Andrew Bailey, raises his expectations for further interest rate cuts during his speech to the Treasury Select Committee at 22:15 tonight (UTC+8) (possibly as early as March), the pound may fall. At present, the probability of the money market expecting a 25 basis point interest rate cut in March is 80%. If there is sufficient evidence to support the March interest rate cut mentioned in Amber's testimony, it may drive the market to bet that the Bank of England will cut interest rates by more than 50 basis points this year.