With the United Kingdom set to leave the European Union at the end of the month, the market consensus remains that Brexit will negatively affect the United Kingdom to a greater extent than the European Union.
In this regard, it is widely expected that the Bank of England will choose to cut rates in advance of the event.
Source: investing.com
Specifically, inflation rates in the United Kingdom are now at a three-year low, and a rate cut is increasingly being deemed necessary for price stability.
However, in assessing the potential trajectory for the GBP/USD after