0937 GMT - Sterling could fall modestly if the Bank of England votes 8-1 to cut interest rates and downgrades its economic growth forecasts, ING analyst Chris Turner says in a note. A 9-0 vote in favor of a cut would be much more negative for sterling, he says. The BOE announces its decision at 1200 GMT and is widely expected to cut rates by 25 basis points. The brief reprieve in the "tariff noise" surrounding President Trump's policies should allow investors to focus on the U.K.'s fiscal and monetary mix, Turner says. GBP/USD falls 0.5% to 1.2446. EUR/GBP rises 0.1% to 0.8328. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 04:37 ET (09:37 GMT)
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