Sterling Could Outperform Euro Slightly After BOE, ECB Decisions -- Market Talk

Dow Jones04-24 21:41

1341 GMT - Sterling could slightly outperform the euro in the coming week if Thursday's European Central Bank and Bank of England policy decisions prompt a favorable repricing in rate-rise expectations, TD Securities strategists say in a note. The BOE could leave rates unchanged and take a wait-and-see stance in response to higher energy prices, they say. However, sterling could rise modestly against a potentially weaker euro. "We expect the euro-sterling downtrend to persist toward the 0.8600-0.8650 range on the back of ECB rate hike pricing converging toward that of the BOE." Meanwhile, recent pressure on U.K. Prime Minister Keir Starmer to resign has had little impact on sterling, they say. The euro trades flat at 0.8672 pounds. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

April 24, 2026 09:41 ET (13:41 GMT)

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