Sterling Faces Hit From Cautious BOE, U.K. Political Risks -- Market Talk

Dow Jones

Jun 17

1352 GMT - Sterling could fall if the Bank of England sounds cautious about raising interest rates and a U.K. special election exacerbates political concerns, Rabobank's Jane Foley says in a note. Wednesday's below-forecast U.K. inflation data fuel the debate about whether the BOE will extend its "wait and see" approach on Thursday, she says. Andy Burnham could challenge Prime Minister Keir Starmer's leadership if he wins Thursday's special election. His left-leaning stance and the potential for fiscally-conservative Treasury chief Rachel Reeves to be replaced could worry the U.K. government bond market and "unsettle the pound." Sterling drops 0.1% to $1.3414 and Rabobank sees the risk of it falling to $1.33 in coming months. The euro rises 0.1% to 0.8647 pounds. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

June 17, 2026 09:52 ET (13:52 GMT)

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Wednesday's below-forecast U.K. inflation data fuel the debate about whether the <a href=\"https://laohu8.com/S/00710\">BOE</a> will extend its \"wait and see\" approach on Thursday, she says. Andy Burnham could challenge Prime Minister Keir Starmer's leadership if he wins Thursday's special election. His left-leaning stance and the potential for fiscally-conservative Treasury chief Rachel Reeves to be replaced could worry the U.K. government bond market and \"unsettle the pound.\" Sterling drops 0.1% to $1.3414 and Rabobank sees the risk of it falling to $1.33 in coming months. The euro rises 0.1% to 0.8647 pounds. 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Wednesday's below-forecast U.K. inflation data fuel the debate about whether the <a href=\"https://laohu8.com/S/00710\">BOE</a> will extend its \"wait and see\" approach on Thursday, she says. Andy Burnham could challenge Prime Minister Keir Starmer's leadership if he wins Thursday's special election. His left-leaning stance and the potential for fiscally-conservative Treasury chief Rachel Reeves to be replaced could worry the U.K. government bond market and \"unsettle the pound.\" Sterling drops 0.1% to $1.3414 and Rabobank sees the risk of it falling to $1.33 in coming months. The euro rises 0.1% to 0.8647 pounds. (renae.dyer@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 17, 2026 09:52 ET (13:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"2644741447","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2644741447","pubTimestamp":1781704320,"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":"1352 GMT - Sterling could fall if the Bank of England sounds cautious about raising interest rates and a U.K. special election exacerbates political concerns, Rabobank's Jane Foley says in a note. Wednesday's below-forecast U.K. inflation data fuel the debate about whether the BOE will extend its \"wait and see\" approach on Thursday, she says. Andy Burnham could challenge Prime Minister Keir Starmer's leadership if he wins Thursday's special election. His left-leaning stance and the potential for fiscally-conservative Treasury chief Rachel Reeves to be replaced could worry the U.K. government bond market and \"unsettle the pound.\" Sterling drops 0.1% to $1.3414 and Rabobank sees the risk of it falling to $1.33 in coming months. The euro rises 0.1% to 0.8647 pounds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BOE":"黑岩全球成长基金"},"translate_title":"英镑面临谨慎的英国央行和英国政治风险的打击——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOE":1.5},"content_text":"1352 GMT - Sterling could fall if the Bank of England sounds cautious about raising interest rates and a U.K. special election exacerbates political concerns, Rabobank's Jane Foley says in a note. Wednesday's below-forecast U.K. inflation data fuel the debate about whether the BOE will extend its \"wait and see\" approach on Thursday, she says. Andy Burnham could challenge Prime Minister Keir Starmer's leadership if he wins Thursday's special election. His left-leaning stance and the potential for fiscally-conservative Treasury chief Rachel Reeves to be replaced could worry the U.K. government bond market and \"unsettle the pound.\" Sterling drops 0.1% to $1.3414 and Rabobank sees the risk of it falling to $1.33 in coming months. The euro rises 0.1% to 0.8647 pounds. (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 17, 2026 09:52 ET (13:52 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}