Get Ready Trader Pound & USD! Tonight I want to fight

<p>&nbsp;Currency markets moved in a tight trading range on Thursday, seeing the US dollar remain trading higher than its main rival.</p><p><br /></p><p>Meanwhile, the pound remained trading weakly at a four-week low amid investor caution ahead of the Bank of England's (BOE) policy meeting at 7pm this afternoon.</p><p><br /></p><p>Taking center stage today is the BOE decision which is expected to raise interest rates by 25 basis points as UK inflation continues to show signs of easing.</p><p><br /></p><p>In addition, investors will also be shown the publication of weekly jobless claims data and the US services ISM as final guidance ahead of the NFP report tomorrow (Friday).</p><p><br /></p><p>At the time of writing, the dollar index, which measures the strength of the greenback, was trading flat at a four-week high of 102.76.</p><p><br /></p><p><br /></p><p>Turning to other currencies, the euro continues to be stuck around lows against the stronger US dollar.</p><p><br /></p><p>The yen, on the other hand, survived the ongoing decline, trading slightly higher during the European session at around 142.80 against the greenback.</p><p><br /></p><p>Meanwhile, the New Zealand dollar slipped to its lowest level since late June after falling more than 1% on Wednesday following dismal jobs data.</p><p><br /></p><p>The Aussie dollar extended its decline further to its weakest level since the end of May, still affected by the Australian central bank's decision to keep interest rates unchanged.</p>