The Bank of England is set to hold interest rates at 3.75% on Thursday, according to economists at Natixis.
Natixis frames the decision as 'status quo' and notes that 'near-term inflation risks linger', causing the Pound Sterling to edge lower against the Euro.
The Pound 'slightly underperformed', with EUR/GBP rising 0.15% to 0.8564, while GBP/USD was trading close to 1.3300.
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