Forex tips: Sterling rose past $1.50 to hit a session high against the dollar on Wednesday, after minutes from the latest Bank of England policy meeting showed policymakers slightly more focused on the risks inflation might accelerate. Traders said sterling was also helped by a growing view within the nine-member monetary policy committee that the next move by the BoE will be a rate hike. The minutes of the April 8-9 meeting showed that the officials voted unanimously to keep rates steady at a record-low 0.5 per cent, but for two members this decision remained "finely balanced". Sterling hit a session high of $1.5027 after the minutes were released, from about $1.4936 beforehand, and leaving it 0.7 per cent higher on the day. The euro was down 0.1 per cent against the pound at 71.81 pence.
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