Sterling holds steady ahead of ECB rate decision
The pound remained little changed against the euro and dollar as investors awaited an expected ECB interest rate rise. Markets are also monitoring upcoming US inflation reports and UK GDP data for clues on future monetary policy.
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Sterling held steady against the euro and the dollar during Thursday morning trade as investors awaited an expected European Central Bank interest-rate rise. EUR/GBP traded at 85.89 pence, while GBP/USD edged up to $1.355.
