Sterling fell today away from a two-week high as the dollar gained ground, weighing negatively on the pound and forcing it to relinquish yesterday's gains.
GBP/USD last traded at 1.2322, down from the opening of 1.2423, with an intraday high at 1.2427, and a low at 1.2304.
Sterling's drop today comes as the dollar fell against main currencies, which forced the pound lower away from a two-week high hit yesterday.
Earlier U.S. data showed the economy has created less jobs than expected in December, while the unemployment rate ticked up, but the dollar managed to rise nonetheless, as the labor sector tightens in general.
The pound's movements currently is still tied to the dollar amid worries of an unsafe exit for Britain from the European Union, which reflects negatively on the pound's performance versus the dollar and other currencies.