Sterling set to extend losses vs euro after BOE decision
TD Securities says the pound could fall further versus the euro after the BOE voted 6-3 to leave rates unchanged, citing cautious guidance and an unchanged vote split.
Sterling could slide further against the euro as Bank of England policymakers remain cautious about raising interest rates, TD Securities strategists said in a note. The BOE voted 6-3 to leave rates unchanged Thursday. The absence of a meaningful change in guidance or in the vote split was viewed as a disappointment for markets.