Dollar firms; sterling steady ahead of BoE decision


Singapore, June 20 (BNA): The British pound held broadly steady on Thursday ahead of the Bank of England’s (BoE) rate-setting meeting while the dollar firmed a touch, though moves were subdued as traders awaited fresh market catalysts.

Currencies were trading in tight ranges following a holiday in the United States and as investors looked not only to the BoE but also central bank decisions in Switzerland and Norway, Reuters reported.

Sterling last bought $1.2718 after having eked out a slight gain in the previous session, while the euro was flat at $1.0743.

The dollar tacked on 0.04% against the yen at 158.14, as the Japanese currency remained not too far from an over one-month low of 158.255 per dollar hit last week.

ZH




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