Sterling Likely to Recover Later in Year on BOE Caution

Sterling fell and UBS Global Wealth Management said it could remain under pressure in the near-term on concerns about higher U.K. borrowing costs, though it is likely to recover later in the year.

Sterling fell and UBS Global Wealth Management said it could remain under pressure in the near-term on concerns about higher U.K. borrowing costs, though it is likely to recover later in the year.