Reuters
The British pound edged lower against the U.S. dollar on Tuesday before the Bank of England's policy announcement on Thursday as markets moved to fully price in two quarter-point rate cuts this year. A survey of economists polled by Reuters expects the BoE to keep interest rates unchanged when it announces its decision this week, but analysts expect the central bank to leave the door open to lower interest rates as early as June. Traders price in 53 basis points of easing this year, implying at least two quarter-point cuts, having previously fully priced only one after inflation data last month showed prices slowed by less than expected in March.