Sterling Outlook Depends on U.K. Data, Politics After BOE Decision -- Market Talk

Dow Jones06-18

1348 GMT - Upcoming U.K. economic data and domestic political developments will determine whether sterling continues to weaken after the Bank of England left interest rates at 3.75% Thursday, Monex Europe's Nick Rees says in a note. While two out of the nine-member Monetary Policy Committee voted to raise rates, the BOE's communications suggest an overall lack of urgency to shift policy in the near term, he says. Sterling could extend losses if there are further signs of economic weakness in data and if political risks rise, he says. Sterling falls to a 10-week low of $1.3202, LSEG data show. The euro rises to a three-week high of 0.8675 pounds. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

June 18, 2026 09:48 ET (13:48 GMT)

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