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Economists: The recent rise of the pound has rationality.
Jin10 data reported on May 27th that Ebury economist Enrique pointed out in a report that, given the gradual rate cut path of the Central Bank of the UK, the recent rise of the British Pound is reasonable. He stated that last week's UK inflation data exceeded expectations, confirming the necessity for the Central Bank of the UK to maintain a cautious stance on rate cuts. The UK's relative immunity from US tariffs, the improving relationship with the EU, and the robust demand of the UK economy also provide support for the appreciation of the British Pound.