Sterling was up against the euro and but its recent gains are unlikely to last as the BOE could deliver another rate cut earlier than markets expect, ING said.

The euro is expected to appreciate versus sterling as the European Central Bank’s and the Bank of England’s interest-rate paths diverge, Nomura said. The dollar weakened.

Swapped issuance may contribute to a bullish push in euro rates and, with more supply on the agenda, rate markets are likely ...

Euro-area inflation eased to the European Central Bank’s target, supporting the view of policymakers that interest rates can stay at current levels unless the economic outlook changes significantly.