TechFlow news, on February 6, according to Jinshi News, Shaun Osborne, Chief Foreign Exchange Strategist at Scotiabank Canada, pointed out that the final UK PMI data for January was revised downward, but service and composite activities remained in expansion territory (50.8 and 50.6 respectively). So far, the British pound has gained slightly more than most G10 currencies. It is widely expected that the Bank of England will cut interest rates by 25 basis points on Thursday, with signs indicating further rate cuts ahead. The technical impact of last weekend's dollar volatility on the pound was not as severe as on other currencies, and the pound's recovery from Monday's lows suggests that the strengthening technical tone formed at the end of January is getting back on track.
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