[Rabobank: If the Bank of England Holds Rates Steady and Political Uncertainty Persists, the Pound May Weaken] Jin10 News, June 30 – Rabobank analyst Jane Foley noted in a report that given the Bank of England is unlikely to raise interest rates this year and political uncertainty in the UK remains elevated, the pound-to-euro exchange rate may see a slight decline. She stated that the Bank of England would only vote to raise rates if there is clear evidence that persistently high energy prices have triggered a 'second-round effect' on inflation. Meanwhile, Andy Burnham, a potential candidate for the next UK Prime Minister, has stated he would adhere to fiscal rules, though his plans for raising funds remain somewhat vague. Foley pointed out that political uncertainty could harm business confidence, investment, and economic growth. Currently, the EUR/GBP exchange rate is flat at 0.8610, and Rabobank expects this rate to reach 0.87 within the next one to three months.