Dollar Ticks Up as Traders Wait for Fed Signal on Rate Cuts

LONDON—The dollar ticked up slightly on Wednesday as traders prepared for the conclusion of a Federal Reserve policy meeting that could offer some insight into when the U.S. central bank will begin lowering interest rates. Sterling was among the weakest performers on the day, after data showed the UK economy contracted in October, raising the risk of a recession and potentially complicating the efforts of the Bank of England (BoE) to stick to its stance against cutting rates when it meets on Thursday. The U.S. dollar index, which gauges the currency against six others, added 0.1 percent to 103.86 as of 0540 GMT, recouping a little…