LONDON, Oct 27 Reuters Sterling was headed for weekly declines against the dollar and the euro on Friday after struggling amid a nervous tone in markets that has boosted the dollar, as eyes start to turn to the Bank of England39;s meeting next week.

The pound was last down a whisker on the day against the dollar at 1.2120, but set for a weekly fall of 0.37, and heading for a monthly drop of around 0.7 due to earlier declines.

It is close to a sixmonth low of 1.2039 hit earlier in October.

There has been few specific British factors to have moved sterling this week since Tuesday39;s jobs data that showed the labour market has lost some of its inflationary heat.

That sent the pound lower as it underscored market expectations that the BoE will keep rates on hold at its meeting next week.

That absence of domestic news left the British currency at the mercy of global flows, notably the broadly stronger dollar, whose gains in recent months have been underpinned by the selloff in the U.S. Treasury market that sent benchmark yields past 5 at one point this week.

Jitters in the stock market, and the war in the Middle East, have also not helped sterling, which is among the more vulnerable major global currencies to declines in market sentiment.

Domestic factors will be more important for the pound next week, with BoE rate setters meeting on Thursday, where their updated macro economic projections will also be released.

Markets have revised their expectations that sticky…