At 7.00 am ET Thursday, the Bank of England announces decision on interest rates. The central bank is widely expected to keep its interest rate at a record low 0.25 percent and asset purchase plan unchanged at GBP 435 billion.

Ahead of the announcement, the pound held steady against its major rivals.

The pound was worth 145.76 against the yen, 1.2757 against the franc, 0.9018 against the euro and 1.3199 against the greenback as of 6:55 am ET.

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