According to Jin10, ING analyst Chris Turner said the pound's recent gains against the euro could extend further as markets bet the Bank of England may raise rates at its next meeting. He said the pound's recent rise against the euro largely reflected market concerns about France's debt problems, but if the Bank of England raises rates in November, its policy could begin to support the pound. Bank of England Governor Bailey and Deputy Governor Lombardelli are due to speak later on Thursday. Turner said that if they give any hint they are prepared to cross that "red line" and vote for a rate hike, the euro-pound exchange rate could fall further today.