The British pound sterling rose slightly against the US dollar (GBP/USD) ahead of the Bank of England's policy decision announcement tonight, which is widely expected to keep interest rates unchanged. In a report, Francesco Pesole, an analyst at ING Group, stated that inflation has not eased enough to justify further rate cuts. He said that the perception of the Bank of England being more cautious than the Federal Reserve is a contributing factor to the pound's strength. "This should not change after today's meeting," Pesole said. He added that GBP/USD could rise above 1.33 by the weekend, while EUR/GBP could fall below 0.84. (Jin10)