Dutch Cooperative Bank: Pound sterling may fall, if UK Prime Minister Stamer comes under pressure again.

Jane Foley of Rabobank said in a report that UK Prime Minister Keir Starmer still faces the risk of leadership challenges, which could weaken the pound. Local elections in the UK will be held in May, but before that, a special election will be held in the Gordon and Denton constituency on February 26. Foley said that if the Labour Party loses this seat, Starmer may face pressure again. "Furthermore, there is a possibility that the Bank of England is one of the few G10 central banks widely expected to cut interest rates again". Rabobank expects the euro to pound exchange rate to rise from the current 0.8683 pounds to 0.89 pounds in 12 months.