LONDON, June 19 Reuters The dollar edged higher and the UK pound was near a 14month peak on Monday as investors digested a slew of monetary policy decisions by central banks last week and looked ahead to a crunch decision by the Bank of England on Thursday.

Currency market moves have been dominated by central bank efforts globally to curb high inflation, with the dollar index sliding to its biggest weekly fall since January last week after the U.S. Federal Reserve skipped a rate rise.

The dollar index , which measures the U.S. currency against six major counterparts, ticked up 0.1 to 102.420. It remained not far from a onemonth low of 102.00 it touched on Friday. U.S. markets are closed on Monday for a holiday.

Investors expect the Bank of England to hike rates by at least 25 basis points when it meets on Thursday, as it battles inflation running at more than four times its target.

The pound is changing hands near 14month highs against the dollar on expectations UK rate rises will outpace other major economies. The pound edged down 0.1 at 1.28080.

Money markets place a 74 chance of the BoE opting for a 25 basis points hike and a 26 likelihood of a 50 basis point jump.

In a busy week for central banks last week, the European Central Bank on Thursday raised rates by 25 basis points and left the door open to more hikes, while the Bank of Japan39;s decision on Friday to stick with its ultraeasy policy kept the yen fragile.

Euro zone inflation is at risk of overshooting…