0715 GMT - Sterling falls ahead of the Bank of England's policy decision at 1100 GMT. The BOE is expected to keep rates unchanged, with the focus on any clues about whether it will raise rates in future. The BOE probably won't suggest a rate rise is possible in September, keeping its statements vague, Commerzbank's Michael Pfister says in a note. Inflation is recently somewhat subdued, the economic upturn is fragile and Iran war uncertainty has increased. The BOE will probably want to wait as long as possible before raising rates, he says. "Ideally, they would probably prefer to avoid raising rates altogether and switch back to rate cuts soon." Sterling falls 0.2% to $1.3338. The euro rises 0.1% to 0.8579 pounds.
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