The British Pound (GBP) edges higher against the Canadian Dollar (CAD) on Wednesday, reversing earlier losses as markets digest the Bank of England’s (BoE) latest monetary policy decision. At the time of writing, GBP/CAD trades near 1.8478, rebounding from a daily low around 1.8384.
NZD/USD extends its losses for the second successive session, trading around 0.5760 during the early European hours on Thursday. The pair weakens as the New Zealand Dollar (NZD) comes under pressure, even after data revealed stronger-than-expected economic growth.
EUR/USD pulled back toward 1.1700 after testing 1.1800, as Germany’s IFO business expectations dipped slightly. The euro remains supported by the ECB’s steady policy stance versus expected Fed easing, BBH FX analysts report.