European Shares Set To Open On Cautious Note BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks may open on a cautious note Thursday, though underlying sentiment could remain supported by hopes of a strong economic recovery from the pandemic-triggered recession. The British pound was flat ahead of today's BoE interest rate decision. The Bank of England might start to slow its pandemic emergency support, citing a much stronger recovery this year than it previously expected. The dollar eased off of its more than two-week high hit earlier on Wednesday after three Fed officials argued that U.S. inflation is unlikely to get out of control despite the unprecedented government spending.