The euro was a little higher against the dollar today, while the British pound fell as markets awaited interest rate decisions in Europe, according to AP. The 16-nation euro bought $1.2863 in morning European trading, up slightly from $1.2856 late Wednesday in New York. The pound fell to $1.4409 from $1.4461. Both the European Central Bank and the Bank of England were due to decide on interest rates later Thursday. ECB President Jean-Claude Trichet has indicated that his Frankfurt-based bank will likely hold rates for the 16-nation euro zone steady at 2 percent. However, the Bank of England is expected to chop rates by as much as half a percentage point. That would take its benchmark rate to a fresh historic low of 1 percent.
