International Netherlands: The recent fall of the pound against the euro may continue.

Jin10 reported on July 15 that analysts at ING stated in a report that given the UK may accelerate its rate cuts, the recent fall of the British pound against the euro may continue. Analysts mentioned that the Governor of the Bank of England, Bailey, may reiterate in his upcoming speech that if the labor market deteriorates, more aggressive rate cuts cannot be ruled out. Data from the London Stock Exchange Group shows that the UK money market believes there is nearly an 89% chance of a rate cut in August. ING expects that the euro could rise to 0.88 against the pound in the coming quarters.