The Bank of England may face criticism for cutting interest rates next month, and it will also face criticism if it does not lower rates, leaving little room for the British Pound to rise. If the Bank of England cuts interest rates in February, it could lead to further selling of the British Pound as this may fuel inflation in the United Kingdom. However, if the Bank of England holds steady on February 6, it could prolong the economic stagnation in the United Kingdom and make the country's fiscal outlook more precarious, which is also detrimental to the British Pound.