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

2026-06-30

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.