Sterling Could Benefit if BOE Lifts Rates in June Despite Lower April Inflation -- Market Talk
Dow Jones05-20 17:16
0916 GMT - The Bank of England could still raise interest rates in June and offer some support to sterling, even though U.K. inflation eased more than expected in April, ING's Francesco Pesole says in a note. Inflation fell to 2.8% in April but is likely to peak just shy of 4% later this year as energy prices rise due to the Iran war, he says. A June rate rise looks uncertain but narrowly remains ING's call, he says. ING is therefore less positive on the euro versus sterling despite ongoing U.K. political turmoil. The euro trades steady at 0.8659 pounds. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
May 20, 2026 05:16 ET (09:16 GMT)
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