With Thursday in UK time approaching, the British pound is showing strong movement against European currencies. As the Bank of England prepares to announce its interest rate policy, the market is maintaining the pound's advantage against the euro at a five-month high.

According to major financial information provider Jin10, many market participants expect the Bank of England to keep the current interest rate unchanged. Lee Hardman, a currency strategist at Mitsubishi UFJ Group, pointed out, "Recent UK economic indicators are showing signs of economic expansion, and the market is further delaying the timing of future rate cuts."

Based on Hardman's analysis, "Unless a clear trigger for easing emerges, the Bank of England is likely to adopt a cautious stance on the additional rate cuts initially expected at the start of the year." Market participants are closely watching how this decision in UK time will significantly influence the future movement of the pound exchange rate.