Quintet Analyst Says Sterling Outlook Hinges on BOE Rate Path
Daniele Antonucci says sterling's outlook depends on whether the Bank of England needs further rate rises after its 8-1 vote to raise rates by a quarter point to 4%.
Sterling's outlook depends on the scope for further interest-rate rises by the Bank of England after Thursday's 8-1 vote to lift rates by a quarter point to 4%, Quintet Private Bank's Daniele Antonucci says in a note. "For sterling, what matters from here is whether the Bank ultimately needs to tig…