Monex: Pound may fall due to missed expectations of interest rate hikes

According to a Monex Europe analyst report, if the Bank of England does not raise interest rates and political risks increase, the pound may fall in the coming months. They expect the pound to fall to 1.32 against the US dollar and 1.11 against the euro this autumn. In addition, if Andy Burnham wins the special election on June 18th, he may challenge the leadership position of British Prime Minister Stamer.