1135 GMT - Sterling trims its gains after the Bank of England held interest rates at 3.75% as expected. The BOE voted 6-3 in favor of the decision with three policymakers preferring to raise rates by 25 basis points. However, BOE Governor Andrew Bailey said the process of underlying disinflation that was intact prior to the Middle East conflict remains in train. "That provides some tentative evidence that inherited inflation persistence may be weaker than had been presumed," he said. Sterling last trades at $1.3373, only marginally higher on the day, down from $1.3392 before the decision. The euro falls 0.1% to 0.8571 pounds, versus 0.8567 beforehand.
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