U.K. Data Are Key For Sterling Outlook After This Week's BOE Rate Cut -- Market Talk

Dow Jones

Feb 07, 2025

1328 GMT - U.K. economic data should prove key to sterling's outlook after the Bank of England cut rates by 25 basis points on Thursday, Bank of America analysts say in a note. Two BOE policymakers unexpectedly preferred a larger 50 basis-point reduction. However, the BOE reiterated plans for gradual rate cuts and its forecasts showed inflation persistence, the analysts say. Upcoming data will be important for determining expectations for March's meeting, for which money markets currently price about a 20% chance of a rate cut, LSEG data show. Sterling could recover some of this week's losses, particularly versus the euro, because persistent inflation "should keep the BOE on track for quarterly cuts for the rest of the year," BofA's analysts say. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

February 07, 2025 08:28 ET (13:28 GMT)

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Two BOE policymakers unexpectedly preferred a larger 50 basis-point reduction. However, the BOE reiterated plans for gradual rate cuts and its forecasts showed inflation persistence, the analysts say. Upcoming data will be important for determining expectations for March's meeting, for which money markets currently price about a 20% chance of a rate cut, LSEG data show. Sterling could recover some of this week's losses, particularly versus the euro, because persistent inflation \"should keep the BOE on track for quarterly cuts for the rest of the year,\" BofA's analysts say. (renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 07, 2025 08:28 ET (13:28 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>U.K. Data Are Key For Sterling Outlook After This Week's BOE Rate Cut -- 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\">\nU.K. Data Are Key For Sterling Outlook After This Week's BOE Rate Cut -- 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\">2025-02-07 21:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1328 GMT - U.K. economic data should prove key to sterling's outlook after the Bank of England cut rates by 25 basis points on Thursday, Bank of America analysts say in a note. Two BOE policymakers unexpectedly preferred a larger 50 basis-point reduction. However, the BOE reiterated plans for gradual rate cuts and its forecasts showed inflation persistence, the analysts say. Upcoming data will be important for determining expectations for March's meeting, for which money markets currently price about a 20% chance of a rate cut, LSEG data show. Sterling could recover some of this week's losses, particularly versus the euro, because persistent inflation \"should keep the BOE on track for quarterly cuts for the rest of the year,\" BofA's analysts say. (renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 07, 2025 08:28 ET (13:28 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":"2509745467","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509745467","pubTimestamp":1738934880,"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":"1328 GMT - U.K. economic data should prove key to sterling's outlook after the Bank of England cut rates by 25 basis points on Thursday, Bank of America analysts say in a note. Two BOE policymakers unexpectedly preferred a larger 50 basis-point reduction. However, the BOE reiterated plans for gradual rate cuts and its forecasts showed inflation persistence, the analysts say. Upcoming data will be important for determining expectations for March's meeting, for which money markets currently price about a 20% chance of a rate cut, LSEG data show. Sterling could recover some of this week's losses, particularly versus the euro, because persistent inflation \"should keep the BOE on track for quarterly cuts for the rest of the year,\" BofA's analysts say. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BOE":"黑岩全球成长基金"},"translate_title":"英国央行本周降息后，英国数据是英镑前景的关键——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOE":1},"content_text":"1328 GMT - U.K. economic data should prove key to sterling's outlook after the Bank of England cut rates by 25 basis points on Thursday, Bank of America analysts say in a note. Two BOE policymakers unexpectedly preferred a larger 50 basis-point reduction. However, the BOE reiterated plans for gradual rate cuts and its forecasts showed inflation persistence, the analysts say. Upcoming data will be important for determining expectations for March's meeting, for which money markets currently price about a 20% chance of a rate cut, LSEG data show. Sterling could recover some of this week's losses, particularly versus the euro, because persistent inflation \"should keep the BOE on track for quarterly cuts for the rest of the year,\" BofA's analysts say. (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 07, 2025 08:28 ET (13:28 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}