1131 GMT - Sterling could weaken if the Bank of England's policy decision on Thursday hints at ramping up interest rate cuts, TD Securities analysts say in a note. The BOE is likely to vote 8-1 to cut rates by 25 basis points, but with policymaker Swati Dhingra voting in favor of a 50 bp cut, they say. The BOE is also likely to downgrade its economic growth forecasts and drop the word "gradual" from its guidance for further rate cuts amid heightened trade uncertainty. "Inflation has come in below market expectations and monetary policy report projections, giving members confidence in continuing on a cutting path." Sterling is last down 0.1% at $1.3351. The euro rises 0.1% to 0.8517. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

May 07, 2025 07:31 ET (11:31 GMT)

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