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2026-11-05 22:00:27
[Quintet Private Bank: Sterling Outlook Depends on Bank of England's Room for Further Rate Hikes] ⑴ Daniele Antonucci of Quintet Private Bank stated in a report that after the Bank of England's decision on Thursday to raise interest rates by 25 basis points to 4% by 8 votes to 1, the sterling's outlook depends on the room for further rate hikes by the Bank of England. ⑵ He stated that the key for the sterling going forward is whether the Bank of England will ultimately need to tighten much more significantly than other major central banks, a scenario unlikely at this stage. ⑶ He indicated that the Bank of England is facing a difficult trade-off: insufficient tightening could allow external energy shocks to trigger sustained domestic inflation, while overly aggressive action risks unnecessarily weakening demand. ⑷ The sterling fell 0.1% to $1.3459, reversing earlier gains.
