AUD/CAD remains in the positive territory after recovering its daily losses, trading around 0.9520 during the European hours on Friday. However, the upside of the currency cross could be limited as the commodity-linked Canadian Dollar (CAD) receives support from higher Oil prices.
The Pound has retraced previous losses and is trading higher against an ailing Japanese Yen in Thursday’s early London session. Bulls have pushed the pair back above 214.00 at the time of writing, on track to a five-day rally and with the 16-year high, at 215.00 coming closer.
Commerzbank's Michael Pfister analyzes the Bank of England's current stance on interest rates, highlighting the potential for surprises despite no expected changes at the upcoming meeting.