Sterling slid to a 12-week low as the Bank of England's cautious stance on
further tightening contrasted with ongoing Fed tightening. The Federal Reserve
last week raised rates 25bps and signaled at least one more hike this year,
supporting the dollar; the BoE held rates and avoided clear guidance on future
hikes. UK PMI also missed expectations. GBP/USD fell as much as 0.6% to 1.3260.
