Sterling Faces Hit From Stronger Rate Cut Expectations -- Market Talk

Dow Jones06-20

1248 GMT - Sterling could fall as the market could increasingly bet on more aggressive interest rate cuts, Commerzbank's Michael Pfister says in a note. That is because recent U.K. data have been weaker and the BOE's stance is turning "increasingly dovish" in favor of rate cuts, he says. The BOE left rates unchanged on Thursday but three out of nine policymakers voted for a 25 basis points rate cut. The statement also contained subtle hints that growth remains weak and the labour market is cooling, Pfister says. A rate cut in August looks likely, he says. Sterling rises 0.2% to $1.3497. The euro trades flat at 0.8532 pounds. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

June 20, 2025 08:49 ET (12:49 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2544127959?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-06-20 20:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2544127959","market":"sh","top_or_hot":-1,"title":"Sterling Faces Hit From Stronger Rate Cut Expectations -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1248 GMT - Sterling could fall as the market could increasingly bet on more aggressive interest rate cuts, Commerzbank's Michael Pfister says in a note. That is because recent U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. data have been weaker and the BOE's stance is turning \"increasingly dovish\" in favor of rate cuts, he says. The BOE left rates unchanged on Thursday but three out of nine policymakers voted for a 25 basis points rate cut. The statement also contained subtle hints that growth remains weak and the labour market is cooling, Pfister says. A rate cut in August looks likely, he says. Sterling rises 0.2% to $1.3497. The euro trades flat at 0.8532 pounds. (renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 20, 2025 08:49 ET (12:49 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 Faces Hit From Stronger Rate Cut Expectations -- 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 Faces Hit From Stronger Rate Cut Expectations -- 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\">2025-06-20 20:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1248 GMT - Sterling could fall as the market could increasingly bet on more aggressive interest rate cuts, Commerzbank's Michael Pfister says in a note. That is because recent U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. data have been weaker and the BOE's stance is turning \"increasingly dovish\" in favor of rate cuts, he says. The BOE left rates unchanged on Thursday but three out of nine policymakers voted for a 25 basis points rate cut. The statement also contained subtle hints that growth remains weak and the labour market is cooling, Pfister says. A rate cut in August looks likely, he says. Sterling rises 0.2% to $1.3497. The euro trades flat at 0.8532 pounds. (renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 20, 2025 08:49 ET (12:49 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":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2544127959","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544127959","pubTimestamp":1750423740,"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":"1248 GMT - Sterling could fall as the market could increasingly bet on more aggressive interest rate cuts, Commerzbank's Michael Pfister says in a note. That is because recent U.K. data have been weaker and the BOE's stance is turning \"increasingly dovish\" in favor of rate cuts, he says. The BOE left rates unchanged on Thursday but three out of nine policymakers voted for a 25 basis points rate cut. The statement also contained subtle hints that growth remains weak and the labour market is cooling, Pfister says. A rate cut in August looks likely, he says. Sterling rises 0.2% to $1.3497. The euro trades flat at 0.8532 pounds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"英镑面临更强降息预期的打击——市场讨论","themeId":"97754768b66f9cec0dfb8f0a1291002e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"1248 GMT - Sterling could fall as the market could increasingly bet on more aggressive interest rate cuts, Commerzbank's Michael Pfister says in a note. That is because recent U.K. data have been weaker and the BOE's stance is turning \"increasingly dovish\" in favor of rate cuts, he says. The BOE left rates unchanged on Thursday but three out of nine policymakers voted for a 25 basis points rate cut. The statement also contained subtle hints that growth remains weak and the labour market is cooling, Pfister says. A rate cut in August looks likely, he says. Sterling rises 0.2% to $1.3497. The euro trades flat at 0.8532 pounds. (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 20, 2025 08:49 ET (12:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":false,"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"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2544127959","isCrawlerRequest":true}