Sterling Seen Having Further Room to Fight Dollar Strength0813 GMT - Sterling's resilience to the dollar's recent strength probably reflects the lack of further U.K. coronavirus restrictions, Unicredit says. It also reminds investors that the prospect of the Bank of England raising interest rates further means sterling still has room to fight a firmer dollar, driven by expectations the Federal Reserve will soon lift rates, Unicredit analysts say. Sterling may appreciate more versus the euro given the European Central Bank's reluctance to start raising rates, they say. ---BlueRock Diamonds COO, Subsidiary CEO Steps DownBlueRock Diamonds PLC said Wednesday that Gus Simbanegavi will step down from the role of chief operating officer and as chief executive of its Kareevlei Mining subsidiary. Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com(END) Dow Jones NewswiresJanuary 05, 2022 03:37 ET (08:37 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal January 05, 2022 08:46 UTC