Dollar firms after upbeat U.S. data
The dollar firmed Thursday on the back of stronger than expected U.S. data.
The dollar index was up 0.12% at 99.62 at 09:00 ET near three-week highs after a low of 99.37.
Initial weekly jobless claims unexpectedly fell to 236,000 in the latest week against a forecast rise to 245,000.
The PPI rose 0.5% in April from March. A rise of 0.2% was forecast.
The pound extended losses after the BoE left policy on hold.
Sterling was down 0.63% at $1.2860 after a high of $1.2948.
The BoE lowered its growth forecast for this year to 1.9% from 2.0% and raised it for 2018 to 1.7% from 1.6%.
It expects inflation to peak at just below 3% in the fourth quarter.