Dutch International Group: If the Bank of England cuts interest rates in March, the pound against the euro may turn lower.

Francisco Pessolei of the Dutch International Group stated in a report that the recent uptrend of the British pound against the euro is unlikely to continue, as the Bank of England may cut interest rates earlier than the market expects. He said that the Bank of England may cut interest rates again in March, leading to a gradual decline in the pound against the euro in the coming months. Data from the London Stock Exchange Group shows that the market has not fully priced in the expectation that the Bank of England will cut interest rates again before June. "The euro to pound exchange rate is trading below 0.8700 pounds. According to our model, this is a short-term moderately undervalued range." The euro/pound fell by 0.1% to 0.8655 pounds, after hitting a one-week low of 0.8649 pounds. The pound/dollar rose by 0.1% to 1.3475 dollars.