Sterling Is Unlikely to Move Much Following BOE Decision -- Market Talk
Dow Jones
Mar 19, 2025
1140 GMT - The Bank of England's decision on Thursday is unlikely to have much influence on sterling as markets have already priced in prospects of interest rates being left on hold at 4.50%, TD Securities analysts say in a note. Instead, sterling will probably be influenced by global developments rather than domestic factors, the analysts say. The BOE's guidance is "likely to remain unchanged and highlight data dependence, with the wording pointing towards continuing 'gradual' cuts," the analysts say. Sterling falls 0.3% against a broadly firmer dollar to $1.0398, but edges up slightly to 0.8403 per euro. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 19, 2025 07:40 ET (11:40 GMT)
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