(Reuters) - Sterling players were sidelined ahead of a Bank of England rate decision. Speculation over the BoE's verdict at 1100 GMT has helped sterling firm this week as a sizeable minority bet on a rate hike from the current 5.25 percent.
The dollar, in contrast, came under pressure on Wednesday after data showed growth in the U.S. service sector slowed to a four-year low in March, reinforcing the view that U.S. interest rates could be cut later this year.
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