BOE Decision Could Have Limited Impact on Sterling -- Market Talk

Dow Jones06-12 21:47

1345 GMT - The Bank of England could vote 7-2 to leave interest rates on hold Thursday, with two policymakers dissenting in favor of raising rates, but sterling's reaction should be limited, TD Securities strategists say in a note. The Federal Reserve's decision on Wednesday will likely have a greater impact on sterling versus the dollar, they say. "As for euro versus sterling, we do not expect the market's pricing of rate hikes for either the European Central Bank or BOE to materially change in the short-term until further data clarity." TD expects euro-sterling to remain range-bound in the near term. The euro trades flat at 0.8631 pounds. Sterling is steady at $1.3409. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

June 12, 2026 09:47 ET (13:47 GMT)

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