The Bank of England is set to announce its interest rate decision on Thursday, following the Federal Reserve’s move earlier in the week. While the Fed is widely expected to initiate a rate-cut cycle with a significant 0.5% reduction, the BOE is unlikely to implement a second consecutive cut after its initial move in August, according to most analysts. However, any unexpected rate cut could lead to significant market reactions, particularly affecting the pound. Premature for a second rate cutA majority of analysts believe it would be premature for the Bank of England (BOE) to implement another …