Sterling is at risk of falling if the March 26 U.K. budget prompts markets to price in more BOE rate cuts, ING said.

The Pound Sterling (GBP) almost tested the critical 1.3000 level against the US Dollar (USD) in the past week, driving the ...

and sterling is surging on the prospect. But it’s far from clear why the United Kingdom government or the Bank of England (BoE) want a rising pound right now. Last week’s BoE decision to hold ...

The BOE cut rates by 25 basis points to 4.5% in February. Data since then have pointed to more caution on rate cuts and Bailey’s comments could echo that, Pesole says. However, any sterling ...

The BoE, which is widely expected to cut rates ... adding that would be positive for sterling, which remains highly sensitive to developments that can affect the growth outlook.