Recently, a research report from Société Générale has attracted the market's attention. Analysts from the bank expressed concerns about the UK economic outlook, predicting that the pound may face medium-term depreciation pressure.

Analysis indicates that the upcoming adjustments to the tax policy in the UK may have a negative impact on economic growth. The expectation of a slowdown in economic growth, combined with the uncertainty of the fiscal outlook, is likely to lead to a downward trend in the exchange rate of the pound in the near future.

However, the report also emphasizes that the depreciation of the pound may be a slow and gradual process. For investors, this means that patience is required, as well as close attention to market trends. Analysts suggest that investors should pay attention to the market reaction when speculators cover their short positions, as this may provide opportunities to find better entry points.

It is worth noting that the report provides specific forecasts for the euro to pound exchange rate. Analysts expect that by the end of this summer, the technical support level for the euro to pound may rise to 0.8700 and could continue to move higher. This forecast reflects the market's expectation that the pound may further weaken relative to the euro.

Overall, this report provides investors with important references for the mid-term trend of the British pound. However, given the complexity and uncertainty of the financial markets, investors should still exercise caution when making decisions and consider various factors comprehensively.