Sterling Vulnerable to Further Falls After BOE Rate Decision -- Market Talk

Dow Jones

Feb 06, 2025

1421 GMT - Sterling looks at risk of further falls after the Bank of England signalled less caution over cutting interest rates, TD Securities analysts say in a note. The BOE delivered a highly anticipated 25 basis-point rate cut Thursday but two members surprisingly backed a larger 50 basis-point reduction. Investors have now trimmed long sterling positions--bets on the currency rising--, the analysts say. However, sterling positioning remains "relatively optimistic" compared to non-dollar peers. This leaves it vulnerable to further declines. "Moreover, while U.K. does not seem to be in the obvious line of fire for Trump tariffs and can outperform the euro, it is a risk-sensitive currency and heightened uncertainty is likely to weigh on it versus the dollar." (renae.dyer@wsj.com)

(END) Dow Jones Newswires

February 06, 2025 09:21 ET (14:21 GMT)

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The BOE delivered a highly anticipated 25 basis-point rate cut Thursday but two members surprisingly backed a larger 50 basis-point reduction. Investors have now trimmed long sterling positions--bets on the currency rising--, the analysts say. However, sterling positioning remains \"relatively optimistic\" compared to non-dollar peers. This leaves it vulnerable to further declines. \"Moreover, while U.K. does not seem to be in the obvious line of fire for Trump tariffs and can outperform the euro, it is a risk-sensitive currency and heightened uncertainty is likely to weigh on it versus the dollar.\" (renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2025 09:21 ET (14:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sterling Vulnerable to Further Falls After BOE Rate Decision -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSterling Vulnerable to Further Falls After BOE Rate Decision -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-06 22:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1421 GMT - Sterling looks at risk of further falls after the Bank of England signalled less caution over cutting interest rates, TD Securities analysts say in a note. The BOE delivered a highly anticipated 25 basis-point rate cut Thursday but two members surprisingly backed a larger 50 basis-point reduction. Investors have now trimmed long sterling positions--bets on the currency rising--, the analysts say. However, sterling positioning remains \"relatively optimistic\" compared to non-dollar peers. This leaves it vulnerable to further declines. \"Moreover, while U.K. does not seem to be in the obvious line of fire for Trump tariffs and can outperform the euro, it is a risk-sensitive currency and heightened uncertainty is likely to weigh on it versus the dollar.\" (renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2025 09:21 ET (14:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BOE","symbol_name":"黑岩全球成长基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2509271747","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509271747","pubTimestamp":1738851660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1421 GMT - Sterling looks at risk of further falls after the Bank of England signalled less caution over cutting interest rates, TD Securities analysts say in a note. The BOE delivered a highly anticipated 25 basis-point rate cut Thursday but two members surprisingly backed a larger 50 basis-point reduction. Investors have now trimmed long sterling positions--bets on the currency rising--, the analysts say. However, sterling positioning remains \"relatively optimistic\" compared to non-dollar peers. This leaves it vulnerable to further declines. \"Moreover, while U.K. does not seem to be in the obvious line of fire for Trump tariffs and can outperform the euro, it is a risk-sensitive currency and heightened uncertainty is likely to weigh on it versus the dollar.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BOE":"黑岩全球成长基金"},"translate_title":"英国央行利率决定后英镑容易进一步下跌——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOE":1},"content_text":"1421 GMT - Sterling looks at risk of further falls after the Bank of England signalled less caution over cutting interest rates, TD Securities analysts say in a note. The BOE delivered a highly anticipated 25 basis-point rate cut Thursday but two members surprisingly backed a larger 50 basis-point reduction. Investors have now trimmed long sterling positions--bets on the currency rising--, the analysts say. However, sterling positioning remains \"relatively optimistic\" compared to non-dollar peers. This leaves it vulnerable to further declines. \"Moreover, while U.K. does not seem to be in the obvious line of fire for Trump tariffs and can outperform the euro, it is a risk-sensitive currency and heightened uncertainty is likely to weigh on it versus the dollar.\" (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 06, 2025 09:21 ET (14:21 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}