LONDON, Oct 14 Reuters The pound held near a onemonth low against the dollar on Monday ahead of wage growth and inflation data this week that could help shape the Bank of England39;s next move at its policy review meeting next month.

Sterling was little changed at 1.30660 , near last week39;s onemonth low of 1.30110, and flat against the euro at 83.70 pence .

The pound is about 2.8 below its twoandahalf year high hit in late September as markets pared back bets on a jumbo size interest cut from the U.S. Federal Reserve.

Expectations that sticky inflation would keep the BoE on a gradual interest rate cut path relative to its peers the Federal Reserve and the European Central Bank had underpinned the pound39;s outperformance this year.

Money markets currently see an 85 chance of a 25 basis point interest rate cut from the BoE39;s November policy meeting, and are evenly split about another cut by the end of the year. IRPR

Meanwhile Prime Minister Keir Starmer is hosting some of the world39;s biggest businesses at a conference on Monday, where he will vow to scrap regulation that holds back growth and investment.

The investment summit, which the government is hoping to use to attract tens of billions of pounds of investment, is not likely to have a big impact on the pound, ING head of markets Chris Turner said in a note.

Instead, data on British pay growth on Tuesday and the consumer prices report on Wednesday could have a decent say in the pricing of the Bank of…