Investing.com - The pound slipped lower against the U.S. dollar on Thursday, as investors remained cautious before the Bank of England’s policy statement due later in the trading session.
GBP/USD hit 1.4407 during European morning trade, the session low; the pair subsequently consolidated at 1.4433, easing 0.09%.
Cable was likely to find support at 1.4371, the low of May 9 and resistance at 1.4543, the high of May 6.
Later Thursday, the BoE was expected to leave its benchmark interest rate unchanged at 0.5% at the level of its monthly asset purchases at £375 billion.
Investors were looking ahead to comments by BoE Governor Mark Carney, scheduled after the policy statement, for indications on the central bank’s future policy moves.
The pound has also been under pressure in recent months amid concerns over a potential British exit from the European Union, or Brexit. A referendum on the issue is set for June 23. Carney has repeatedly mentionned the risks a Brexit would pose to U.K. growth.
Sterling was little changed against the euro, with EUR/GBP at 0.7903.