A post by @FirstSquawk on X.

Sterling edged higher to trade above 1.3450 against the dollar ahead of the Bank of England's policy decision, according to First Squawk. The modest move leaves the pound just above that level as traders position for the central bank's announcement. The BoE decision is the key near-term catalyst for sterling, with the rate call and accompanying guidance likely to set the currency's direction. Market participants will watch the vote split and policy language for signals on the path of rates.