---
title: "Bank of England Governor's Speech May Affect Pound, ING Analyst Says"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282669485.md"
description: "Francesco Pesole, an analyst at ING, indicated that Bank of England Governor Andrew Bailey's upcoming speech may lower expectations for an interest rate hike, potentially weakening the pound. Pesole suggests Bailey will likely adopt a balanced tone, favoring steady rates. He believes the Bank of England is unlikely to raise rates as expected, which could push the euro-pound exchange rate towards 0.88. Market data shows a 40 basis point rate hike is anticipated by year-end."
datetime: "2026-04-14T09:57:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282669485.md)
  - [en](https://longbridge.com/en/news/282669485.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282669485.md)
---

# Bank of England Governor's Speech May Affect Pound, ING Analyst Says

Francesco Pesole, an analyst at ING, stated in a report that Bank of England Governor Andrew Bailey's speech later today might downplay expectations of an interest rate hike, potentially putting pressure on the pound. According to Jin10, Pesole believes Bailey may maintain a balanced tone, suggesting a current preference to hold rates steady. Pesole noted that the Bank of England is unlikely to raise rates as anticipated, which could drive the euro-pound exchange rate towards the 0.88 level. Data from the London Stock Exchange Group indicates that the market expects a 40 basis point rate hike by the end of the year.

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