Sterling Remains Dollar-Driven as Divided BOE Dulls Impact of U.K. Jobs Data -- Market Talk

Dow Jones01-20 17:09

0909 GMT - Sterling's reaction to Tuesday's soft U.K. jobs report is relatively muted as it remains driven by the dollar and by U.S.-led geopolitical developments, Convera strategist Antonio Ruggiero says in a note. A divided Bank of England over the path of interest-rate cuts reduces sterling's responsiveness to U.K. data, he says. "Meanwhile, the U.K.'s softening labor market trend is well understood and already embedded in the cautious pricing of BOE easing into 2026, leaving market reactions far more subdued." Sterling rises to a one-week high of $1.3491, LSEG data show, as the dollar weakens on concerns over U.S.-Europe tensions. Sterling falls versus the euro, which rises to a one-week high of 0.8694 pounds, LSEG data show. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

January 20, 2026 04:09 ET (09:09 GMT)

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A divided Bank of England over the path of interest-rate cuts reduces sterling's responsiveness to U.K. data, he says. \"Meanwhile, the U.K.'s softening labor market trend is well understood and already embedded in the cautious pricing of <a href=\"https://laohu8.com/S/00710\">BOE</a> easing into 2026, leaving market reactions far more subdued.\" Sterling rises to a one-week high of $1.3491, LSEG data show, as the dollar weakens on concerns over U.S.-Europe tensions. Sterling falls versus the euro, which rises to a one-week high of 0.8694 pounds, LSEG data show. 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A divided Bank of England over the path of interest-rate cuts reduces sterling's responsiveness to U.K. data, he says. \"Meanwhile, the U.K.'s softening labor market trend is well understood and already embedded in the cautious pricing of <a href=\"https://laohu8.com/S/00710\">BOE</a> easing into 2026, leaving market reactions far more subdued.\" Sterling rises to a one-week high of $1.3491, LSEG data show, as the dollar weakens on concerns over U.S.-Europe tensions. Sterling falls versus the euro, which rises to a one-week high of 0.8694 pounds, LSEG data show. (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  January 20, 2026 04:09 ET (09:09 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"2604195964","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2604195964","pubTimestamp":1768900140,"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":"0909 GMT - Sterling's reaction to Tuesday's soft U.K. jobs report is relatively muted as it remains driven by the dollar and by U.S.-led geopolitical developments, Convera strategist Antonio Ruggiero says in a note. A divided Bank of England over the path of interest-rate cuts reduces sterling's responsiveness to U.K. data, he says. \"Meanwhile, the U.K.'s softening labor market trend is well understood and already embedded in the cautious pricing of BOE easing into 2026, leaving market reactions far more subdued.\" Sterling rises to a one-week high of $1.3491, LSEG data show, as the dollar weakens on concerns over U.S.-Europe tensions. Sterling falls versus the euro, which rises to a one-week high of 0.8694 pounds, LSEG data show. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BOE":"黑岩全球成长基金"},"translate_title":"由于英国央行分歧减弱了英国就业数据的影响，英镑仍受美元驱动——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOE":1.5},"content_text":"0909 GMT - Sterling's reaction to Tuesday's soft U.K. jobs report is relatively muted as it remains driven by the dollar and by U.S.-led geopolitical developments, Convera strategist Antonio Ruggiero says in a note. A divided Bank of England over the path of interest-rate cuts reduces sterling's responsiveness to U.K. data, he says. \"Meanwhile, the U.K.'s softening labor market trend is well understood and already embedded in the cautious pricing of BOE easing into 2026, leaving market reactions far more subdued.\" Sterling rises to a one-week high of $1.3491, LSEG data show, as the dollar weakens on concerns over U.S.-Europe tensions. Sterling falls versus the euro, which rises to a one-week high of 0.8694 pounds, LSEG data show. (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 20, 2026 04:09 ET (09:09 GMT)\n\n\n  Copyright (c) 2026 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"},"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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","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/2604195964","isCrawlerRequest":true}