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The Pound Sterling (GBP) prints a fresh weekly high in the early European session on Friday as the Bank of England (BoE) is expected to start reducing interest rates after the Federal Reserve (Fed) and the European Central Bank (ECB), and the risk-appetite of the market participants has improved.
The EUR/USD pair extends its gains for the second consecutive day, edging higher to near 1.0880 during the European session on Friday.
The Pound Sterling (GBP) remains under pressure ahead of the interest rate decision by the Bank of England (BoE), which will be announced at 12:00 GMT.
The EUR/USD pair continues to lose ground for the second successive day, stretching lower to near 1.0790 during the European session on Thursday.
The Australian Bureau of Statistics (ABS) will release two different inflation reports on Wednesday.