Sterling fell today to a four-session low after the dollar rose against a basket of currencies, and as the British Parliament discusses an exit law from the European Union.
GBP/USD last traded at 1.2446, down from the opening of 1.2479, with an intraday high at 1.2496, and a low at 1.2424.
The dollar managed to rise today against a basket of rivals away from a three-month low hit last week as the impact of the mixed U.S. payrolls report last week wanes, after average hourly earnings fell last month.
On the other hand, the British Parliament keeps discussing the law the British Prime Minister Theresa May presented to exit the European Union, which renewed worries anew in the markets and hurt the pound.
Sterling fell last week away from a seven-week high on profit-taking, specially after the dollar rose versus a basket of currencies.