Bank of England's interest rate decision is due at 7:00 am ET. The central bank is widely expected to keep rates unchanged at 0.50 percent and asset purchase program at GBP 375 billion.
The pound halted its recent uptrend against its major rivals ahead of the rate decision. As of 6:55 am ET, the sterling was trading at 147.45 against the yen, 0.8640 against the euro, 1.4272 against the Swiss franc and 1.5710 against the dollar.
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