Pound awaits Bank of England rate decision, Currencies Direct says

• The Bank of England's interest rate decision is in focus today, with forward guidance potentially the main driver for sterling.
• Sterling lacked direction yesterday as October services activity was revised lower, though expansion remained the fastest since February.
• The US dollar fell as Democrats took control of both congressional chambers in midterm elections.
• Euro gains from dollar weakness were offset by weaker eurozone PMI results.
• The Canadian dollar weakened as falling oil prices weighed on the commodity-linked currency.

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