0926 GMT - Sterling's recent underperformance probably won't last as the Bank of England will likely take a measured response to U.S. tariffs, Ebury's Matthew Ryan says in a note. "We don't expect the [BOE] to overreact to the tariffs, and the economic hit will probably transpire to be relatively minimal." The low 10% U.S. tariff on U.K. goods and the U.K.'s limited exposure to global demand leaves the country relatively insulated. Sterling has fallen due to risk aversion and the BOE having room to cut interest rates more aggressively than others. Sterling rises 0.3% to $1.2763. It hit a one-month low of $1.2708 Monday, according to FactSet. The euro trades flat at 0.8576 pounds, having earlier reached an eight-month high of 0.8596. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 05:26 ET (09:26 GMT)
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