Dutch International: If the Bank of England suppresses expectations of interest rate hikes and political concerns in the UK worsen, the pound may fall.

Chris Turner of Netherlands International Group said in a report that if the Bank of England suppresses the prospect of raising interest rates and political concerns in the UK intensify, the pound may fall. He said that after the US and Iran reached a temporary peace agreement, the fall in energy prices may raise questions about the necessity of the Bank of England raising interest rates. Bank of England Governor Andrew Bailey said at Thursday's meeting that he will "have to tread carefully," with expectations that the meeting will keep interest rates unchanged. He said that at the same time, if Andy Burnham wins the UK special election on Thursday, it could spark a leadership challenge to UK Prime Minister Keir Starmer. The pound rose 0.2% against the weakening US dollar to $1.3428, while the euro rose 0.2% against the pound to 0.8641.