Sterling Could Fall if Markets Increase Bets on August BOE Rate Cut -- Market Talk
Dow Jones
Jun 27, 2025
0752 GMT - Sterling could turn lower after rising to a three-and-a-half-year high against the dollar on Thursday, Ebury's Matthew Ryan says. The currency's recent rise "has gone a bit too far" and it would be vulnerable if markets increased bets on the Bank of England cutting interest rates in August. This could happen if upcoming economic data suggest that the U.K. economy slowed in the second quarter, he says. Sterling is last up 0.1% on the day at $1.3741. It hit a high of $1.3770 on Thursday, according to LSEG. U.K. money markets show investors are pricing in a 65% chance of a rate cut in August, LSEG data show. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
June 27, 2025 03:53 ET (07:53 GMT)
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