0823 GMT - Sterling could extend its losses if Bank of England official Catherine Mann argues further in favor of cutting interest rates more aggressively in a 0845 GMT speech, ING's Chris Turner says in a note. The BOE cut rates by 25 basis points Thursday but Mann was one of two policymakers who preferred a 50 basis-point cut. She told the Financial Times her vote reflected a weakening jobs market and slowing consumer demand. Further comments along those lines could firm market expectations for three further 25 basis-point cuts this year, Turner says. Sterling is more vulnerable against the dollar as the euro faces potential U.S. tariffs, he says. Sterling falls 0.2% to $1.2345 and could drop to $1.2250 near term, ING says (renae.dyer@wsj.com)
(END) Dow Jones Newswires
February 11, 2025 03:23 ET (08:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。