Market News
Sterling edges up ahead of BoE, Nok rises as Norges Bank holds rates - REUTERS
Summary
- Markets pricing a one-in-three chance of a BoE rate cut
- Norges Bank held rates at 4% citing inflationary pressure
- Risk sentiment improves, taking safe-haven dollar off highs
LONDON, Nov 6 (Reuters) - Sterling nudged higher but stayed near multiple-month lows on Thursday ahead of a Bank of England rate decision, with markets expecting a one-in-three chance of a cut, while Norway's crown recovered some ground after its central bank held rates.
The dollar edged lower as a recovery in appetite for riskier assets pulled the U.S. currency off its recent peaks.
Sterling traded 0.21% higher at $1.3079 ahead of a 1200 GMT decision on rates after touching a seven-month low of $1.3011 on Wednesday.
