Market News

• Sterling dips ahead of central bank governor speech
• Bank of England's Andrew Bailey to speak at 1845 GMT
• Weaker-than-expected British inflation could lead to dovish tone

LONDON, Oct 23 (Reuters) - The pound dipped a touch on the dollar and held steady on the euro on Wednesday, as traders awaited remarks by Bank of England Governor Andrew Bailey that could affect expectations of the central bank's rate cut path.
Sterling was last down 0.14% at $1.2967, just above the previous day's intraday low of $1.2945, its lowest since Aug. 19.
That weakness has largely been a result of a stronger dollar, as traders repositioned for a more moderate pace of rate cuts from the Federal Reserve than they had seen a few months ago, and took into account the potential for former President Donald Trump to win the U.S. election in November.