Sterling Could Rise Further as U.K. Jobs Data Support BOE-ECB Divergence
Sterling rose after stronger-than-expected U.K. wage data boosted the yield differential against other G-10 currencies, but XTB said the currency faces headwinds from the prospect of the BOE cutting interest rates by more than markets expect in 2025.
Sterling rose after stronger-than-expected U.K. wage data boosted the yield differential against other G-10 currencies, but XTB said the currency faces headwinds from the prospect of the BOE cutting interest rates by more than markets expect in 2025.
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