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Mitsubishi UFJ Bank: There is a 50% chance that the Bank of England will raise interest rates next month, which could support the pound.

Mitsubishi UFJ Bank: There is a 50% chance that the Bank of England will raise interest rates next month, which could support the pound.

汇通财经汇通财经2026/06/03 09:17
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⑴ Derek Halpenny of Mitsubishi UFJ Bank stated in a report that the Bank of England may raise interest rates in July, which could provide support for the pound. ⑵ Policymakers at the Bank of England said on Tuesday that with the Iran conflict continuing, the case for a rate hike is increasing. ⑶ Halpenny noted that while the likelihood of a rate hike on June 18 is low, following the Bank of England Governor's recent comments that tighter financial conditions allow time for assessment, it is possible for action to be taken next month if uncertainties persist. ⑷ He said: "Currently, the market is only pricing in a 50% probability of a rate hike next month, so market yields have room to rise, especially at the front end." The pound fell 0.1% to 1.3446.
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