0946 GMT - Bank of England Governor Andrew Bailey could dampen expectations for interest-rate rises in a speech later, leaving sterling vulnerable, ING's Francesco Pesole says in a note. Bailey could retain a balanced tone, "implicitly signalling that a pause is the preferred course of action for now." The BOE is unlikely to raise rates as expected which could help lift the euro towards 0.88 pounds, Pesole says. The market is pricing 40 basis points of rate rises by year-end, LSEG data show. The BOE releases the text of Bailey's speech in New York at 1605 GMT. The euro last trades flat at 0.8704 pounds. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
April 14, 2026 05:46 ET (09:46 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments