GBP/USD Lower Ahead of BOE Rate Decision

GBP/USD is trading at 1.3298, down 0.0027. The pair is trading modestly choppy ahead of the Bank of England (BOE) rate decision. The Bank of England (BOE) is scheduled to announce its decision on interest rates and release the bank's inflation report at 7:00 a.m. ET. A press conference held by Bank of England Governor Mark Carney is scheduled to follow the decision at 7:30 a.m. ET.