Netherlands International: If the Bank of England delays raising interest rates, the pound may fall.

Chris Turner of ING International Group stated in a report that the British pound faces downside risks as the Bank of England may avoid raising interest rates this year. Turner said that the Bank of England may delay tightening policy, while the European Central Bank is expected to raise rates on Thursday and the Federal Reserve is expected to raise rates before the end of the year. He mentioned that the pound tends to perform poorly during times of risk aversion, and pointed out renewed conflict between Iran and Israel. According to data from the London Stock Exchange Group, the pound fell 0.1% to $1.3333 after hitting a three-week low of $1.3308 overnight, and ING International Group predicts that the pound will drop below $1.3300. The euro remained steady against the pound at 0.8638, and ING International Group expects it to rise to 0.8680.