After earlier gains, GBP/EUR is falling towards €1.17 in choppy trade.
The pound is moving between gains and losses ahead of the BoE rate decision, in which the central bank is expected to leave rates on hold at 5.25%.
The vote split will be in focus and could be less hawkish after UK CPI eased to 3.4% YoY from 4% in January. A less hawkish vote split could pull GBP lower.
The euro is hovering around the flat line. Eurozone composite PMI rose to 49.9, up from 49.2 in February. The level 50 separates expansion from contraction.
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