Gbp/usd - 1.5903 ... Bank of England will announce its rate decision (at 11:45GMT) which is widely expected to keep interest rate unchanged at 0.5%. However, it is likely to conceal a vigorous debate about whether Britain is at greater risk fm slow growth or high inflation. Former British Airways economist Andrew Sentance who was the lone voice calling for higher interest rates in June n July's metings but other policymakers will be more worried about a possible fall in demand next year when 25% spending cuts to the budgets of many government departments start to take effect n banks must repay nearly 200 bln pounds of emergency BOE loans taken our during the credit crunch. Despite y'day's strg retreat to 1.5857, the British pound moved sideways in Asia n downside wud be ltd as bids by European names are located at 1.5855/60 n further out at 1.5820/25. Offers are tipped at 1.5940/50.