1345 GMT - Sterling is expected to depreciate versus the dollar as the Bank of England is set to cut interest rates next week and will likely suggest that more are to come, Ebury's Matthew Ryan says in a note. Recent comments by the BOE members have signalled the potential for further rate cuts and this could contribute to the pound's weakness, Ryan says. In addition, the U.K. budget measures are expected to lead to lower inflation, leaving room for rate cuts, he says. Markets price in a 90% possibility of a BOE rate cut on December 18, LSEG data show. Sterling rises 0.1% versus the dollar at $1.3315. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
December 10, 2025 08:45 ET (13:45 GMT)
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