Sterling Could Fall if BOE's Bailey Dampens Rate Rise Bets -- Market Talk

Dow Jones04-14

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.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment