BOE Decision Unlikely to Lift Sterling Much Further -- Market Talk

Dow Jones

May 08, 2025

1403 GMT - Sterling is unlikely to rise much further even after the Bank of England's meeting Thursday prompted markets to scale back bets for another interest-rate cut in June, TD Securities analysts say in a note. "Our positioning and short-term fair value models point to sterling looking expensive," they say. That should keep sterling rangebound against the dollar absent another dollar selloff, they say. Short-seller bets against the dollar looked stretched, suggesting the U.S. currency could rebound. Against the euro, sterling could also underperform due to structural flows into Europe, with the euro emerging as the liquid alternative safe haven to the dollar, TD's analysts say. Sterling rises 0.3% to $1.3337. The euro falls 0.3% to 0.8477 pounds.(renae.dyer@wsj.com)

(END) Dow Jones Newswires

May 08, 2025 10:03 ET (14:03 GMT)

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That should keep sterling rangebound against the dollar absent another dollar selloff, they say. Short-seller bets against the dollar looked stretched, suggesting the U.S. currency could rebound. Against the euro, sterling could also underperform due to structural flows into Europe, with the euro emerging as the liquid alternative safe haven to the dollar, TD's analysts say. Sterling rises 0.3% to $1.3337. The euro falls 0.3% to 0.8477 pounds.(renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2025 10:03 ET (14:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BOE Decision Unlikely to Lift Sterling Much Further -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBOE Decision Unlikely to Lift Sterling Much Further -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-08 22:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1403 GMT - Sterling is unlikely to rise much further even after the Bank of England's meeting Thursday prompted markets to scale back bets for another interest-rate cut in June, TD Securities analysts say in a note. \"Our positioning and short-term fair value models point to sterling looking expensive,\" they say. That should keep sterling rangebound against the dollar absent another dollar selloff, they say. Short-seller bets against the dollar looked stretched, suggesting the U.S. currency could rebound. Against the euro, sterling could also underperform due to structural flows into Europe, with the euro emerging as the liquid alternative safe haven to the dollar, TD's analysts say. Sterling rises 0.3% to $1.3337. The euro falls 0.3% to 0.8477 pounds.(renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2025 10:03 ET (14:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BOE","symbol_name":"黑岩全球成长基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533139691","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533139691","pubTimestamp":1746712980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1403 GMT - Sterling is unlikely to rise much further even after the Bank of England's meeting Thursday prompted markets to scale back bets for another interest-rate cut in June, TD Securities analysts say in a note. \"Our positioning and short-term fair value models point to sterling looking expensive,\" they say. That should keep sterling rangebound against the dollar absent another dollar selloff, they say. Short-seller bets against the dollar looked stretched, suggesting the U.S. currency could rebound. Against the euro, sterling could also underperform due to structural flows into Europe, with the euro emerging as the liquid alternative safe haven to the dollar, TD's analysts say. Sterling rises 0.3% to $1.3337. The euro falls 0.3% to 0.8477 pounds.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BOE":"黑岩全球成长基金"},"translate_title":"英国央行的决定不太可能进一步提振英镑——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOE":1},"content_text":"1403 GMT - Sterling is unlikely to rise much further even after the Bank of England's meeting Thursday prompted markets to scale back bets for another interest-rate cut in June, TD Securities analysts say in a note. \"Our positioning and short-term fair value models point to sterling looking expensive,\" they say. That should keep sterling rangebound against the dollar absent another dollar selloff, they say. Short-seller bets against the dollar looked stretched, suggesting the U.S. currency could rebound. Against the euro, sterling could also underperform due to structural flows into Europe, with the euro emerging as the liquid alternative safe haven to the dollar, TD's analysts say. Sterling rises 0.3% to $1.3337. The euro falls 0.3% to 0.8477 pounds.(renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2025 10:03 ET (14:03 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}