Sterling dithers after setting the highest level this week

Sterling wavered on Thursday after hitting the highest level this week, amid constant negative pressures on the royal currency despite dollar's tumble against a basket of main rivals.
 
GBP/USD last traded at 1.2207, compared to the opening of 1.2216, with an intraday high at 1.2322, and a low at 1.2174.
 
Sterling's drop yesterday to its lowest since October at 1.2044 came after Bank of England Governor Mark Carney from the financial repercussions on Britain from its exit from the European Union.
 
Negative pressure drawn from Britain's exit from the European Union prevented the pound from benefiting from dollar's current decline against main currencies, which buoyed it at first to the highest level this week before returning lower.

The dollar suffered large losses this week, hitting a five-week trough against a basket of currencies after U.S. President-elect Trump's speech yesterday, which didn't mention any details of his stimulus plans, hurting the greenback.