1239 GMT - Sterling could continue its struggle to keep pace with the euro in the near-term due to Germany's fiscal spending plans and the prospect of U.K. tax rises later this year, Rabobank forex strategist Jane Foley says. The turnaround for the euro has been the impulse into the eurozone from the change to Germany's debt brake, she says. "That's the primary motivating factor." That means sterling will underperform the euro, particularly if the U.K. faces more tax hikes in autumn. If U.K. growth gets hit from a potential downturn in the global economy due to U.S. tariffs, U.K. Treasury chief Rachel Reeves won't be able to meet her fiscal targets without creating more revenue from higher taxes, she says. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
April 16, 2025 08:39 ET (12:39 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。