The Pound Sterling stabilizes against its major peers, except safe-haven assets, ahead of the BoE’s monetary policy on Thursday. Investors await the US NFP data, which will influence expectations for the Fed’s monetary policy outlook.

Sterling fell against the dollar on Thursday, on track for its biggest daily drop in about a month, as investors awaited the outcome of the Bank of England's meeting, at which the central bank is widely expected to cut interest rates.

Greater challenges await in future meetings when the BoE will be balancing the need to support an ailing economy without reigniting inflationary pressures. Click to read.