1135 GMT - Sterling faces a hit as the Bank of England could cut interest rates more than markets expect, TD Securities strategists say in a note. Following a recent string of better-than-expected U.K. economic data, the strategists now expect the BOE to deliver its next rate cut in May instead of March. However, they still predict 125 basis points of cuts this year including this month's 25bp move. The market is pricing in a further 50bp of cuts this year, according to LSEG. Investor positioning in sterling remains optimistic, leaving it vulnerable to a further downward correction, the strategists say. Moreover, heightened uncertainty surrounding President Trump's tariff plans could weigh on the risk sensitive sterling versus the dollar. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
February 21, 2025 06:35 ET (11:35 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。