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2025-12-12 22:51:59
[Pound Sterling May Fall on Rate Cut Prospects] TD Securities strategists said in a report that the pound may fall due to the Bank of England's potential rate cut on Thursday and market expectations of another cut in the first quarter of 2026. However, the strategists said that after the rate decision, the pound should continue to rise against the dollar as the risk premium surrounding the UK budget in November is likely to subside in the coming weeks. There is room for improvement in pound/dollar positioning as market sentiment towards the dollar weakens. In contrast, the strategists said that the pound may weaken against the euro if progress is made on a peace agreement between Russia and Ukraine.
