Sterling Could Fall Further as BOE May Have Reached Peak Rates

0820 GMT - Sterling faces further weakness after the Bank of England signalled Thursday that further interest-rate rises should only be expected if inflationary pressures persist, Commerzbank says. "A further rate hike in March is no longer that certain, and it is possible that the BOE has already reached the end of the rate hike cycle," Commerzbank currency analyst You-Na Park-Heger says in a note. While the BOE left the door open to further rate rises, the forex market would have liked to see a more decisive approach given high uncertainty so it's hardly surprising that sterling fell, she says. GBP/USD falls 0.3% to a two-and-a-half-week low of 1.2184 and EUR/GBP rises 0.1% to 0.8932, according to FactSet.(

Companies News: 

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Itaconix Sees 2022 Revenue Ahead Of Views, Raises GBP10.3M Via Share Placing

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Aquila European to Buy Back EUR20 Mln in Shares, Aims for 2023 Dividend Increase

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Etalon 4Q New Sales, Cash Collection Fell

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Resolute Mining Names Chris Eger As New CFO

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Nanoco Group Sees Narrower FY 2023 Adjusted Ebitda Loss Amid Positive Momentum

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TomTom Shares Rise on Narrowed 4Q Net Loss, Higher Revenue

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(END) Dow Jones Newswires

February 03, 2023 03:43 ET (08:43 GMT)

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