The British pound bulls are gaining strength! It continues to rise against the US dollar and the euro. What will the future trend be?

The British pound has recently risen against the US dollar and the euro, with Bank of America predicting that by the end of 2025, the pound will rise to 1.43 against the dollar, but JPMorgan Chase warns of the risk of a weaker pound. The pound has cumulatively risen over 7%, reaching a new high since 2022 on April 28. Bank of America is optimistic about the pound's prospects, forecasting it will rise to 1.54 by the end of 2026, while JPMorgan Chase believes the pound's strength may be temporary, and global tariff policies could negatively impact the UK economy. A Reuters survey indicates that the Bank of England is expected to cut interest rates by 25 basis points on May 8