The pound fell against the dollar and euro in early London trading on Wednesday, weighed down by uncertainty over Brexit negotiations even after global risk appetite got a boost from positive economic data as countries ease their lockdowns.

For the past two days, the pound had risen against a weaker dollar, hitting a six-day high of $1.2541 at 00:07 GMT on Wednesday, before reversing course as the greenback recovered.

British Prime Minister Boris Johnson unveiled on Tuesday a significant easing of the coronavirus lockdown in England, saying pubs, restaurants and bars can reopen from July 4.

The pound fell back below the key $1.25 level versus the dollar to $1.2493 at 08:00 GMT, down 0.2% on the day.

Versus the euro, the pound was also down around 0.2% at 90.49 pence, having hit three-month lows against the single currency on Tuesday.

Source : Reuters