1230 GMT - Sterling should remain supported if the Bank of England follows through on its plans for gradual future interest-rate cuts, Ebury strategist Matthew Ryan says in a note. A pause in rate cuts is "almost guaranteed" at the BOE's next meeting in June with no more than two further cuts likely to follow for the rest of this year, he says. This cautious approach should "act to keep sterling well bid, particularly given Britain's relative isolation from the growth risks posed by U.S. protectionism." The BOE voted 5-2 to cut rates by 25 basis points Thursday but reiterated its "gradual and cautious" approach to future policy easing. Sterling rises 0.3% to $1.3327. The euro falls 0.3% to 0.8477 pounds. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

May 08, 2025 08:30 ET (12:30 GMT)

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