BOE Rate Pricing Limits Sterling Moves After Weak U.K. GDP Data -- Market Talk

Dow Jones12-12 22:26

1426 GMT - Sterling only fell modestly after Friday's weaker-than-expected U.K. economic data for October as an interest-rate cut next week is nearly fully priced, MUFG Bank's Derek Halpenny says in a note. The BOE is widely expected to cut rates by 25 basis points on Thursday. "The lack of sterling moves also reflects the other big event risk next week--the [U.S. nonfarm payrolls] data releases for both October and November." Fed Chair Jerome Powell pointed to a weakening labor market as the reason it cut rates Wednesday. If the jobs data Tuesday confirm this, further dollar selling into year-end seems likely, Halpenny says. Sterling falls 0.1% to $1.3370. The euro rises 0.1% to 0.8770 pounds. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

December 12, 2025 09:26 ET (14:26 GMT)

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2590150237?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-12 22:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2590150237","market":"sh","top_or_hot":-1,"title":"BOE Rate Pricing Limits Sterling Moves After Weak U.K. GDP Data -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1426 GMT - Sterling only fell modestly after Friday's weaker-than-expected U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. economic data for October as an interest-rate cut next week is nearly fully priced, MUFG Bank's Derek Halpenny says in a note. The <a href=\"https://laohu8.com/S/00710\">BOE</a> is widely expected to cut rates by 25 basis points on Thursday. \"The lack of sterling moves also reflects the other big event risk next week--the [U.S. nonfarm payrolls] data releases for both October and November.\" Fed Chair Jerome Powell pointed to a weakening labor market as the reason it cut rates Wednesday. If the jobs data Tuesday confirm this, further dollar selling into year-end seems likely, Halpenny says. Sterling falls 0.1% to $1.3370. The euro rises 0.1% to 0.8770 pounds. (renae.dyer@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 12, 2025 09:26 ET (14:26 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 Rate Pricing Limits Sterling Moves After Weak U.K. GDP Data -- 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 Rate Pricing Limits Sterling Moves After Weak U.K. GDP Data -- 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\">2025-12-12 22:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1426 GMT - Sterling only fell modestly after Friday's weaker-than-expected U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. economic data for October as an interest-rate cut next week is nearly fully priced, MUFG Bank's Derek Halpenny says in a note. The <a href=\"https://laohu8.com/S/00710\">BOE</a> is widely expected to cut rates by 25 basis points on Thursday. \"The lack of sterling moves also reflects the other big event risk next week--the [U.S. nonfarm payrolls] data releases for both October and November.\" Fed Chair Jerome Powell pointed to a weakening labor market as the reason it cut rates Wednesday. If the jobs data Tuesday confirm this, further dollar selling into year-end seems likely, Halpenny says. Sterling falls 0.1% to $1.3370. The euro rises 0.1% to 0.8770 pounds. (renae.dyer@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 12, 2025 09:26 ET (14:26 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":"2590150237","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2590150237","pubTimestamp":1765549560,"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":"1426 GMT - Sterling only fell modestly after Friday's weaker-than-expected U.K. economic data for October as an interest-rate cut next week is nearly fully priced, MUFG Bank's Derek Halpenny says in a note. The BOE is widely expected to cut rates by 25 basis points on Thursday. \"The lack of sterling moves also reflects the other big event risk next week--the [U.S. nonfarm payrolls] data releases for both October and November.\" Fed Chair Jerome Powell pointed to a weakening labor market as the reason it cut rates Wednesday. If the jobs data Tuesday confirm this, further dollar selling into year-end seems likely, Halpenny says. Sterling falls 0.1% to $1.3370. The euro rises 0.1% to 0.8770 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GDP数据疲软后，英国央行利率定价限制英镑走势——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOE":1.5},"content_text":"1426 GMT - Sterling only fell modestly after Friday's weaker-than-expected U.K. economic data for October as an interest-rate cut next week is nearly fully priced, MUFG Bank's Derek Halpenny says in a note. The BOE is widely expected to cut rates by 25 basis points on Thursday. \"The lack of sterling moves also reflects the other big event risk next week--the [U.S. nonfarm payrolls] data releases for both October and November.\" Fed Chair Jerome Powell pointed to a weakening labor market as the reason it cut rates Wednesday. If the jobs data Tuesday confirm this, further dollar selling into year-end seems likely, Halpenny says. Sterling falls 0.1% to $1.3370. The euro rises 0.1% to 0.8770 pounds. (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 12, 2025 09:26 ET (14:26 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":"-1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590150237","isCrawlerRequest":true}