Anna 
Throughout this week, the exchange rate of the British pound has been on a downward trajectory, prompting economists from Deutsche Bank to scrutinize the future of the currency.
The primary concern in the short term revolves around whether the Bank of England’s (BoE) recent statements will prove accurate in predicting that inflation will drop below 5% in October, as indicated in their latest monetary policy report set to be published next Wednesday.
While market expectations of a BoE interest rate cut next year have been brewing for some time, they have been largely speculative until now. Earlier this week, Huw Pill, the Chief Economist at the Bank of England, made dovish remarks, increasing the likelihood of an interest rate reduction.
The question remains whether Andrew Bailey, the Governor of the Bank of England, can temper these expectations once again, given that the anticipation of a rate cut has already gained ground.
