Berenberg downgrades its rating on the stock to hold from buy and reduces the price target to 190 pence from 220 pence. (kyle.morris@dowjones.com)---Pound's Rise Unlikely to Last Amid Fears Over Fiscal Policy, Growth and Brexit1115 GMT - Sterling's current gains won't last given market concerns over fiscal policy, weak U.K. economic growth and Brexit risks, Commerzbank says. It is feared that potential expansionary fiscal policy under new U.K. Conservative Party leader Liz Truss will significantly fuel inflation and government debt, Commerzbank currency analyst Thu Lan Nguyen says in a note. GBP/USD rises 0.5% to 1.1574 and EUR/GBP falls 0.5% to a one-week low of 0.8567, according to FactSet. (renae.dyer@wsj.com)Contact: London NewsPlus, Dow Jones Newswires; nihad.ahmed@wsj.com(END) Dow Jones NewswiresSeptember 06, 2022 13:12 ET (17:12 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal September 06, 2022 18:01 UTC