During European trading, the British Pound decreased against the US Dollar, trading below 1.2990 levels.
The GBP/USD currency egged down the European trading session, ahead of the Bank of England interest rate decision on Thursday. In the UK there is no major data set for release today. In the US, the Fed interest rate decision (4.5% exp, unchanged) will be released (18:00 GMT) followed by the press conference (18:30 GMT).