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Bank of England's Bailey links sterling strength to US uncertainties

ReutersJun 26, 2025 11:58 AM

- Bank of England Governor Andrew Bailey said on Thursday a recent strengthening of sterling reflected changing expectations among investors about the U.S. economy rather than differing outlooks for interest rates which often drive the currency markets.

"There are some quite big structural changes going on caused by, obviously, the uncertainty and unpredictability of the world around us," Bailey told a conference held by the British Chambers of Commerce, adding investors were reconsidering their overweight positions in U.S. assets.

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