Sterling would receive a post-election bounce of around 3% if British voters give the ruling Conservative Party a majority in parliament on Dec. 12 but will fall 2% if the opposition Labour Party wins a majority, a Reuters poll found.
The dollar fell against the Japanese yen and drifted lower versus other currencies on Wednesday, with the market in consolidation mode, as investors sought more clarity about ongoing U.S.-China trade negotiations.
The dollar was little changed after U.S. President Donald Trump in a speech on Tuesday offered no new details on the state of the administration's trade war with China.
Sterling inched down from a six-month high against the euro and was a touch softer against the dollar on Tuesday, as a boost from the Brexit Party's decision not to contest previously Conservative-held seats in Britain's upcoming election faded.
The U.S. dollar was broadly lower on Monday after President Donald Trump said over the weekend that trade talks with China were moving along "very nicely" but the United States would only make a deal with Beijing if it was right for America.
Sterling fell to a two-week low on Thursday after two Bank of England officials unexpectedly voted to cut interest rates this month and others said they would consider a cut if global and Brexit headwinds did not lift.
The safe-haven yen and Swiss franc slid against the dollar on Tuesday as growing signs the United States and China are inching closer to a trade deal boosted risk appetite and spurred investors to seek higher-yielding currencies.
The British pound drifted higher against the euro on Tuesday but stayed within recent trading ranges after survey data showed Britain's services sector stagnated last month due to concerns about Brexit.
The U.S. dollar rose against the yen on Tuesday thanks to growing optimism the United States and China are on the verge of reaching a preliminary agreement to scale back their bruising trade war.
The dollar rose on Monday, after five straight days of losses, with investors more guarded despite increased risk appetite that pushed U.S. stocks and Treasury yields higher on hopes of a U.S.-China trade deal.
The pound slipped on Monday, down around 0.1% against the dollar and euro, with investors' attention focused on political developments as election campaigning gets under way.
The dollar dropped on Friday after data showed a mixed view on the economy, and as optimism that the United States and China will reach a deal to end their trade war reduced safe-haven demand for the greenback.
Sterling edged higher on Friday and is poised to end the week on a stronger note, unmoved by Nigel Farage's announcement that his Brexit Party would fight the ruling Conservatives for every seat if Britain's prime minister does not abandon his Brexit deal.
The dollar fell to a 10-day low against a basket of major currencies on Thursday as investors evaluated whether the Federal Reserve would continue to cut rates, and after European data beat expectations.
Lebanon's currency peg to the dollar has come under scrutiny after two weeks of widespread protests over corruption in the heavily indebted country which has descended into a deep economic crisis.
The pound rose above $1.290 on Thursday, heading for its biggest monthly rise in more than a decade as the combination of a weak dollar and the falling risks of Britain leaving the European Union without a deal fuelled demand.
The dollar fell against a basket of major currencies on Wednesday, reversing initial gains, after the Federal Reserve cut interest rates for the third time this year but signaled its rate-cut cycle might be at a pause, as was broadly expected.
Sterling edged higher on Wednesday after British Prime Minister Boris Johnson won parliamentary approval to hold a general election in December, though moves were limited as large currency options expiring this week curbed volatility.
The dollar dipped against the euro on Tuesday, a day before the Federal Reserve was expected to cut U.S. interest rates, while sterling dipped as Britain looked likely to go to election in December.
The British pound wobbled briefly on Tuesday as Britain looked set for a snap December election, but its recent surge on hopes of a smooth Brexit look may be capped by outside risks that the various election outcomes could bring.
Hopes for an easing in Sino-U.S. tensions buoyed trade-exposed Asian currencies on Tuesday, while growing expectations the U.S. Federal Reserve could take a wait-and-see approach to further easing underpinned the dollar.
Sterling edged higher against a broadly struggling dollar on Monday as traders awaited the outcome of a vote in British Parliament on Prime Minister Boris Johnson's demand for a general election.
The U.S. dollar slipped on Monday and the Japanese yen weakened to a three-month low against the greenback as optimism that the U.S. and China will reach a trade deal reduced demand for safe haven currencies, and as investors waited on the Federal Reserve’s meeting this...
The dollar strengthened on Friday after U.S. and Chinese trade officials neared finalizing parts of the Phase 1 trade pact, according to the U.S. Trade Representative's office.