1150 GMT - Sterling falls as investors weigh cautious remarks from Bank of England policymakers about raising interest rates in response to rising energy prices stemming from the Iran war. BOE official Megan Greene, known for favoring tight monetary policy, said Wednesday that she wasn't tempted to raise rates at last week's meeting. The BOE's Sarah Breeden said Thursday that it isn't wise to act until there's more information about second round effects of the energy price shock. The remarks come in contrast to strong signals about potential rate rises from European Central Bank President Christine Lagarde on Wednesday. Sterling falls 0.3% to $1.3330. The euro rises 0.1% to 0.8652 pounds. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
March 26, 2026 07:50 ET (11:50 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments