Sterling Holds Steady Before BoE Decision

Sterling remained little changed against the dollar and the euro as investors awaited the Bank of England rate decision. Analysts expect the central bank to keep interest rates steady despite rising inflation.

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A bank employee counts pound notes at Kasikornbank in Bangkok, Thailand October 12, 2010. REUTERS/Sukree Sukplang/File Photo

Sterling held steady near $1.3387 on Thursday morning ahead of the BoE interest rate decision. The currency showed little reaction to recent dollar strength. Markets anticipate a dovish hold from policymakers.

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