Sterling Could Weaken if BOE Dampens Rate-Rise Bets
Dow Jones
3 hours ago
0830 GMT - Sterling is at risk of falling if the Bank of England remains cautious about raising interest rates, ING's Francesco Pesole says in a note. The BOE is likely to leave rates on hold Thursday and stress there is no evidence price pressures are extending beyond energy prices, he says. BOE Governor Andrew Bailey could also push back against aggressive rate rise expectations. U.K fiscal worries ahead of the October budget and growing pressure on the U.K. government to allow independence referendums in Scotland, Wales and Northern Ireland could also weigh on sterling, he says. The euro rises 0.1% to 0.8560 pounds and ING targets an increase to 0.8700 pounds in the coming weeks.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.