The pound traded flat on Thursday despite signs the EU and Britain may soon agree a Brexit deal, with investors cautious about the prospect of resolving the Ireland border issue.
Hopes are building that a Brexit deal can be reached before an EU summit on Oct. 18.
European Union Brexit negotiator Michel Barnier said on Wednesday that 80-85 percent of the withdrawal deal was agreed and sterling rose as some investors unwound short bets on the currency.
But sterling on Thursday traded flat against the dollar at $1.3192, close to a 3-1/2 month high of $1.3244. It fell 0.3 percent versus the euro to 87.29 pence.
Source : Reuters