Rabobank analyst Jane Foley says the Bank of England is unlikely to raise rates
this year and persistent political uncertainty would weigh on the pound. She
said the BOE would only vote to tighten if there is clear evidence that
Sustained high energy prices are generating second‑round inflation. Potential
next prime minister Andy Burnham has pledged to follow fiscal rules but left
funding plans unclear; Foley warned political uncertainty could hurt business
confidence, investment and growth. EUR/GBP is 0.8610; Rabobank projects 0.87 in
one to three months.