Brown Brothers Harriman (BBH) analysts note GBP/USD has recovered part of its prior drop after a dovish Bank of England hold and heightened UK political uncertainty. The BOE kept rates at 3.75% but lowered the bar for further easing by tweaking guidance and cutting inflation forecasts.
West Texas Intermediate (WTI) Oil price recovers its recent losses from the previous session, trading around $63.90 per barrel during the Asian hours on Friday.
USD/CAD remains steady after paring daily gains, trading around 1.3700 during the Asian hours on Friday. The pullback reflects support for the commodity-linked Canadian Dollar (CAD) as Oil prices recover.