Sterling Could Fall if BOE's Bailey Hints at March Rate Cut -- Market Talk

Dow Jones02-24

0854 GMT - Sterling could fall if Bank of England Governor Andrew Bailey boosts expectations for further interest-rate cuts as soon as March in a testimony later, ING's Chris Turner says in a note. Bailey will address the Treasury Select Committee at 1415 GMT. Bailey is most likely to swing the March vote to a rate cut, Turner says. "Commentary that he has seen enough to justify a March rate cut could firm up that pricing in money markets (a 25 basis points cut is now 80% priced) and even push the market to speculating on more than 50bp in BOE easing this year." The euro rises 0.1% to 0.8739 pounds and ING expects it to reach 0.88. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

February 24, 2026 03:54 ET (08:54 GMT)

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Bailey is most likely to swing the March vote to a rate cut, Turner says. \"Commentary that he has seen enough to justify a March rate cut could firm up that pricing in money markets (a 25 basis points cut is now 80% priced) and even push the market to speculating on more than 50bp in <a href=\"https://laohu8.com/S/00710\">BOE</a> easing this year.\" The euro rises 0.1% to 0.8739 pounds and ING expects it to reach 0.88. 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Bailey will address the Treasury Select Committee at 1415 GMT. Bailey is most likely to swing the March vote to a rate cut, Turner says. \"Commentary that he has seen enough to justify a March rate cut could firm up that pricing in money markets (a 25 basis points cut is now 80% priced) and even push the market to speculating on more than 50bp in <a href=\"https://laohu8.com/S/00710\">BOE</a> easing this year.\" The euro rises 0.1% to 0.8739 pounds and ING expects it to reach 0.88. (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  February 24, 2026 03:54 ET (08:54 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":"2613796507","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2613796507","pubTimestamp":1771923240,"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":"0854 GMT - Sterling could fall if Bank of England Governor Andrew Bailey boosts expectations for further interest-rate cuts as soon as March in a testimony later, ING's Chris Turner says in a note. 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