Pound With Slight Drop As Market Looks To The Bank of England | GBP/USD Analysis

Following a holiday on Monday, local markets regained momentum, causing the British Pound to relinquish some of its gains against the United States Dollar on Tuesday. As we approach Thursday’s session, where the Bank of England will announce its May monetary policy, Sterling cross rates are anticipated to undergo slight fluctuations.
This month, it's widely anticipated that rates will remain unchanged, with the key Bank Rate expected to hold steady at 5.25%. Therefore, market attention will likely pivot towards the voting dynamics within the nine-member Monetary Policy Committee and the accompanying commentary. The Bank of England has been known to exhibit varied opinions, sometimes resulting in a three-way split among members, with votes cast for hikes, cuts, and maintaining the status quo.
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if rates cut from fed doesnt happens for long duration how does the economy reacts and companies of paying high interest rates margins what happens ?