Sterling Lifted by Improved Risk Sentiment, Calm Over BOE Decision -- Market Talk

Dow Jones02-03

0915 GMT - Sterling trades close to a five-month high against the euro on improving risk sentiment and calm around the Bank of England's upcoming decision, Convera's Antonio Ruggiero says in a note. Sterling's positive correlation to risk sentiment boosts the currency, reinforced by its break above the resistance level of 1.1550 euros, he says. The BOE is expected to keep interest rates unchanged Thursday. Sterling buyers likely see limited risk of the BOE shifting its cautious stance on policy easing, with a low probability that more than two policymakers will vote to cut rates, he says. Sterling trades flat at 1.1585 euros but stays near a high of 1.1596 reached earlier. Against the dollar, sterling rises 0.1% to $1.3682. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

February 03, 2026 04:15 ET (09:15 GMT)

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