MARKET NEWS
Sterling steadies near multi-month lows ahead of BoE decision - REUTERS
LONDON, Nov 6 (Reuters)EURGBP= - Sterling steadied around its lowest in months on Thursday ahead of a key Bank of England rate decision, with markets pricing a one-in-three chance of a cut, while most analysts believe the central bank will likely hold fire.
Sterling edged 0.1% higher to $1.3066 ahead of a 1200 GMT BoE rate decision, after hitting a seven-month low of $1.3011 on Wednesday. The pound weakened a touch against the euro , which rose 0.1% to 88.14 pence after touching its highest since May 2023 on Wednesday.
