If the European Central Bank raises interest rates, the euro will definitely rise against the dollar, and the pound will theoretically rise, because although Britain does not use the euro, its monetary policy will be consistent with the European Central Bank. In the expectation of raising interest rates, the pound will also rise against the dollar.

Supplement:

Raising interest rates or lowering interest rates mainly depends on the central bank's assessment of current economic development. For example, if the inflation trend is obvious, it is necessary to raise interest rates to curb inflation. If the economy is depressed, it is necessary to lower interest rates to stimulate economic growth.

Add again:

The euro zone is unified, the interest rate of the whole euro zone is determined by the European Central Bank, and the basic interest rate is announced by the central bank. If the basic interest rate changes, the deposit and loan interest rates of commercial banks will also change equally.

The European Central Bank will cut interest rates and deposit rates will also be lowered.