1224 GMT - Sterling could fall if the Bank of England cuts interest rates as anticipated Thursday and indicates it could ease monetary policy by more than markets expects, Ebury strategist Matthew Ryan says in a note. The risks to sterling are "tilted marginally to the downside" as it is possible the BOE sounds increasingly pessimistic on the economic growth outlook, he says. The BOE might warn that this could lead to a more aggressive pace of rate cuts this year than the three currently priced in by swap markets. Ebury expects the BOE to cut rates by 25 basis points on Thursday with either a 7-2 or 8-1 vote. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 07:24 ET (12:24 GMT)
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