#sterling

#sterling

BoE rate hold and political turmoil around Keir Starmer have embedded political risk into sterling, weakening the pound against the dollar and euro.

Slowing wage growth alongside unchanged unemployment signals waning UK labour-market momentum and is likely to prompt investors to reassess Britain’s growth outlook.

Bank of England will keep the policy rate at 4% with slim odds of further cuts this year as inflation remains elevated and core pressures persist.