Optimism about the trade protocol may boost the pound.

Jin10 data reported on May 7th that ING analyst Turner stated in a report that due to optimistic sentiment regarding the UK trade agreement and improving relations between the UK and the EU, the British pound may strengthen. The UK and India announced a trade agreement on Tuesday, and there is increasing speculation that the US and UK may reach an agreement this week. The UK-EU summit on May 19 may also lead to a warming of post-Brexit relations. Meanwhile, the Bank of England will announce its policy decision on Thursday, but the market may have already priced in too many rate cuts this year. We tend to believe that the pound will return to a high of 1.3445 USD in the coming days.