Investing.com - The pound edged up near two-week highs against the U.S. dollar on Thursday, as markets awaited the Bank of England's interest rate decision, due later in the trading session.
GBP/USD hit 1.5337 during European morning trade, the session high; the pair subsequently consolidated at 1.5330, easing up 0.08%.
Cable was likely to find support at 1.5218, Wednesday's low and resistance at 1.5369, the high of September 23.
Later Thursday, the BoE was expected to leave its benchmark interest rate at 0.50% and the level of its monthly asset purchases at £375 billion.
Meanwhile, the dollar remained under pressure by diminished expectations for a rate hike by the Fed this year in the wake of last Friday's unexpectedly weak U.S. jobs report for September.
Market participants were also eyeing the minutes of the Federal Reserve's latest policy meeting, due later in the day, for further indications on the central bank's next policy moves.
Sterling was lower against the euro, with EUR/GBP rising 0.37% to 0.7363.