At 7.00 am ET Thursday, the Bank of England's monetary policy announcement and the minutes of the meeting are due. The Monetary Policy Committee is widely expected to hold the key rate at a record low of 0.10 percent and the quantitative easing programme at GBP 895 billion.

Ahead of the decision, the pound traded mixed against its major counterparts. While it retreated against the euro and the franc, it was steady against the yen. Against the greenback, it recovered.

The pound was worth 154.80 against the yen, 1.3971 against the greenback, 0.8549 against the euro and 1.2833 against the franc at 6:55 am ET.

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