Dollar dips from peaks, sterling squeezed ahead of BoE
The dollar held just below multi-month highs on Thursday, with a recovery in appetite for riskier assets pulling it off recent peaks, while sterling was under pressure ahead of a Bank of England meeting where investors anticipate a dovish tone. At $1.1495 against the euro, the dollar hasn't moved much, though it's slightly weaker than Tuesday's three-month high of $1.1469.