Sterling trims losses, gilt yields tick higher after BoE treads carefully

British government bond yields rose, the pound cut some of its earlier losses, and UK shares pared gains on Thursday after the Bank of England held rates steady and said it wanted more evidence inflation would return to target before lowering rates. It was at 85.36 per euro, having been weaker at 85.58 pence before the BoE's announcement. Six out of nine members of the Monetary Policy Committee voted to keep rates at a 15-year high of 5.25%.