The pound nursed losses early on Wednesday on fresh concerns about the possibility of a “no-deal” Brexit, while the dollar held steady ahead of the Federal Reserve’s policy decision.
Sterling was little changed at $1.3078 but retreated 0.7 percent overnight as lawmakers rejected a proposal to give parliament a path to prevent a potentially chaotic hard exit. Britain is due to leave the EU on March 29.
Last week, the pound hit $1.3218, its highest since mid-October, on hopes that London might avoid a no-deal departure from the European Union.
Source : Reuters