Analyst: Still believes that the pound is expected to outperform most major currencies in 2025.

Jin10 data reported on March 26, Ebury strategist Matthew Ryan stated in a report that the latest inflation data from the UK may not change the Central Bank's cautious attitude towards interest rate cuts, which will support the pound this year. The UK's February inflation data was slightly below expectations; however, the core inflation rate of 3.5% remains well above the Central Bank's target of 2%, and the inflation rate in the services sector also stays high at 5.0%. He indicated that the Central Bank needs to see more signs of inflation alleviation before changing its stance, and there may only be two more rate cuts this year. This gradual approach to rate cuts should provide some strong support for the pound, and we still believe that the pound is likely to outperform most major currencies by 2025.