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.

The Bank of England put a dovish twist to an expected rate cut, sending the British pound and bond yields lower. The central bank, as expected, cut interest rates by a quarter-point, its third reduction since August,