Sterling holds above 1.39 ahead of BoE decisions

Sterling rose in European trade against dollar, holding above 1.3900, while the dollar declines against most rivals ahead of Bank of England's policy decisions later today. 

GBP/USD rose 0.1% to 1.3913, with an intraday low at 1.3885, after closing up 0.1% yesterday, the second profit in three days away from three-week lows at 1.3800. 

The dollar index fell 0.15% on Thursday for another session against a basket of major rivals.

The dollar index took a hit after several Fed officials ruled out tightening monetary policy soon, and that full recovery from the coronavirus is still a long way ahead. 

Bank of England will release it policy decisions later today, expected to maintain rates at 0.10%, while also maintaining the assets purchases program unchanged at 895 billion pounds a month.