The British pound stabilised on Thursday as the Brexit project entered a fresh holding pattern, while the dollar held firm as traders took a breather from Sino-U.S. trade headlines.

Currency markets are also sticking to tight ranges ahead of key central bank meetings this week and next with the euro zone, Japan and United States due to review policy.

Sterling held at $1.2911 after Britain's parliament backed a withdrawal deal, but rejected the government's tight timetable, while European Union members delayed deciding whether to grant a three-month extension to the Oct. 31 leaving date.

The pound has soared 6% in two weeks of volatile trade since British Prime Minister Boris Johnson flagged and then clinched a deal with the EU on the terms of Britain's exit from the bloc.

Source : Reuters