Sterling Could Rise if BOE's Greene Endorses April Rate Rise -- Market Talk

Dow Jones03-25 17:30

0930 GMT - Sterling could rise against the euro if Bank of England official Megan Greene supports the case for an interest-rate rise in April when she speaks at a conference at 1200 GMT, ING's Chris Turner says in a note. At last week's meeting, Greene was concerned about rising energy prices and fertilizer prices affecting food. She seems to agree with BOE chief economist Huw Pill who said Tuesday that uncertainty over the Iran war isn't an excuse for inaction on inflationary pressures, Turner says. The market is pricing a 65% chance of an April rate rise, LSEG data show. A rate rise next month is unlikely but the trend in rate expectations could boost the pound, he says. The euro trades flat at 0.8652 pounds. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

March 25, 2026 05:30 ET (09:30 GMT)

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