The British currency rose off three-week lows against the dollar on Tuesday as Prime Minister Theresa May said the government would seek to speed up ratification of its Brexit withdrawal deal with the European Union if time gets too tight.
Time is running out for May to persuade the EU to amend the Brexit deal and then get British lawmakers to approve it, before Britain is scheduled to leave the bloc on March 29.
The pound rose 0.2 percent to $1.2876, its weakest since Jan. 21.
Versus the euro, sterling held its own and was unchanged on the day at 87.695 pence per euro.
Source : Reuters