Long positions in the pound hope that the Central Bank of the UK will continue to take a middle road in lowering interest rates.

Jin10 data reported on May 9 that the European Central Bank and the Swiss Central Bank are expected to lower interest rates again in June. If the Bank of England chooses to stand pat next month, the British pound will benefit. The current probability of the Bank of England cutting rates on June 19 is 20%, down from 55% before the relatively hawkish rate cut from the Bank of England on Thursday. The Bank of England maintained a "gradual and cautious" approach to further rate cuts on Thursday, which is a blow to doves hoping for a signal to accelerate rate cuts from the Bank of England.