Sterling rose against the dollar during trading this morning (November 4th), rebounding from yesterday's session low of $1.626.Ahead of the November meeting of the Bank of England's (BoE's) Monetary Policy Committee later today, FX Street has declared a 'slightly bullish' trend for sterling.Gains were also witnessed against the Japanese yen, but the pound moved marginally lower against the euro.The November BoE meeting is expected to prove pivotal for the UK recovery strategy, with a special two-day meeting scheduled to thrash out contentious policy stances on quantitative easing and interest rates.The Independent reports that the committee is split over the desired quantitative easing strategy, with divisions over the issue said to be the deepest seen in more than a decade.While the BoE is confident that the £150 billion liquidity programme has already succeeded and should now be scaled back, ex-committee member David Blanchflower has made the case for an extension of the scheme to £250 billion.