Dutch International Group said that the UK inflation data released on Wednesday was lower than expected, which may cause the pound to perform poorly for some time, as these data paved the way for the Bank of England to cut interest rates at the remaining November and December meetings of the year. Dutch International Group analyst Francesco Pesole said in a report that since Bank of England Governor Andrew Bailey recently suggested that the pace of interest rate cuts may accelerate, and the service sector inflation rate in September was below 5.0%, the market may also think that there is a possibility that interest rates will be cut by 50 basis points in November. He said that this, in addition to Britain's budget announcement on October 30 and the position layout before the US presidential election in November, may further weaken the British pound.

Dutch International Group said that the UK inflation data released on Wednesday was lower than expected, which may cause the pound to perform poorly for some time, as these data paved the way for the Bank of England to cut interest rates at the remaining November and December meetings of the year. Dutch International Group analyst Francesco Pesole said in a report that since Bank of England Governor Andrew Bailey recently suggested that the pace of interest rate cuts may accelerate, and the service sector inflation rate in September was below 5.0%, the market may also think that there is a possibility that interest rates will be cut by 50 basis points in November. He said that this, in addition to Britain's budget announcement on October 30 and the position layout before the US presidential election in November, may further weaken the British pound.