Britain'S Departure: The Path To Sterling'S Decline May Have Just Begun.

After the Bank of England governor said he should cut interest rates in the summer, the market will wait for the UK interest conference two weeks later.

According to Bloomberg reported on Friday, after Carney's speech, the market's interest rate cut in the Bank of England rose from 34% to 71% in July.

Institutional analysis, including J.P. Morgan, said the Bank of England could reduce interest rates from 0.5% to 0 in the next few months, or more policies.

The most radical Canadian Scot bank said Britain

Or directly cut interest rates by 50 basis points in July.

According to Peng Bo, 32 of the 36 professionals interviewed were expected.

The US dollar will fall below 1.3 by the end of this year, with only 2 expected to see the pound rebounded from its current position.

The median level is even below 1.25, according to the Bloomberg survey.

After the 24-25 referendum returned to Europe, the GBP / USD plunged 11.5%, and continued to decline after 28-29 straight two days.

Up to now, the GBP / USD has fallen by nearly 11%, to 1.3269.

According to the median value of Bloomberg survey, analysts expect that the pound will continue to fall by 6% in the next 6 months.

The Bloomberg survey showed that the GBP / USD fell to 1.2 and 1.3 levels, each with 7 places, with 3 expected to fall below 1.2, with 4 expected to be above 1.3.

Analysts who give pessimistic expectations believe that the pound's exchange rate will continue to be hit by the process of retreating Europe.

With the British Prime Minister's election process advancing, political uncertainty has put pressure on the pound.

At the same time, the market also needs to digest the relaxed expectations of the Bank of England in the summer.

According to the interest rate schedule of the Bank of England, the last three meetings will be held in July 14th, August 4th and September 15th respectively.

On the other hand, in the context of global financial market volatility and the lack of bright macro data support in the United States, the analysis is expected.

The possibility of raising interest rates in July has basically been zero.

As for the election of Britain's new prime minister, Wall Street knowledge was mentioned earlier. Conservative officials said the new leader election would be held in September 2nd, one month ahead of Cameron's original plan.

At present, there are five candidates for prime minister in the conservative party, including the Minister of justice Michael Gove, Minister of interior Theresa May, Secretary of energy and climate change Andrea Leadsom, former Defense Secretary Liam Fox, and Minister of employment and pensions Stephen Crabb.