On June 12, Swissquote analyst Ipek Ozkardeskaya said in a report that the pound is expected to strengthen if the Labour Party wins the British general election on July 4, but the trend of the pound also largely depends on the performance of the dollar. She said in a note that Brexit, the impact of former British Prime Minister Liz Truss's fiscal plan and endless infighting have damaged the reputation of the Conservative Party, with the potential end of the usually market-friendly Conservative rule "reverberating well across markets". However, Ozkardeskaya said that whether the pound will continue to appreciate against the dollar will largely depend on the performance of the dollar. "The direction of the dollar depends on inflation in the United States, the health of the American economy, and the Federal Reserve."