The British pound fell against most of its major counterparts today, to give up the 6-month high it hit earlier on Thursday against Euro.

Sterling drew support from the YouGov opinion poll that showed support for the British Prime Minister Boris Johnson's Conservative party in the December 12 election.

The Conservative party said it had raised more than $11 million from its supporters in the first two weeks of the election campaign, while the opposition Labour Party had only $4.8 million.

These cues hint that the Conservatives will bag the majority of seats in the next parliament, leading to implementing the Brexit deal on January 31 and ending the uncertainty that surrounded the British scene for more than three and a half years.

As for trading, GBP/USD fell by 0.1% to 1.2909 as of 17:14 GMT, the pair hit an intraday high of 1.2952 and a low of 1.2899.

GBP/EUR fell by 0.2% to 1.1725, with a high of 1.2766 and a low of 1.172.

The US dollar steadied against most major currencies today, amid quiet trading as US are were closed in observance of the Thanksgiving holiday.

Investors are still focusing on latest developments in the US-China trade talks, especially after recent hints.

US and Chinese officials said that the two countries were close to signing the phase one trade deal, and it would likely be by the end of this year.

However, Chinese officials see the negotiation for the second phase deal are unlikely to happen before the next US presidential elections in 2020.

The second reading of US GDP yesterday showed growth by 2.1% in the third quarter, higher than the first reading and forecasts of a growth by 1.9%.

As for trading, the dollar index held at 98.3 points as of 16:05 GMT, and hit an intraday high of 98.4 and a low of 98.2.

The US dollar tilted lower against the Japanese yen during the Asian session today, to bounce back for the second session from its highest since May 31, in the heels of a series of economic data by the Japanese economy, and amid the lack of US data due to the Thanksgiving holiday. 

USD/JPY fell by 0.08% to 109.45 as of 06:15 GMT, after opening at 109.55, the pair hit an intraday high of 109.57 and a low of 109.33.

As for the released economic date today, the Japanese retail sales reading fell by 8.2% vs. a drop by 10% in September, lower than forecasts of a drop by 7.1%, while the year-on-year reading showed a drop by 7.1% vs. a rise by 9.2% in September, also lower than forecasts of a drop by 3.8%.

Euro rose against the US dollar on Thursday, within recovery attempts from a 2-week low, amid heightened risk-aversion and focus on low-yield currencies, as the US-China political tensions over Hong Kong crisis escalated, indicating a potential halt to the signing of the phase one trade deal.

EUR/USD rose by 0.15% to $1.1013, after opening at $1.0998, and the pair hit an intraday low of $1.0998.

Euro fell by 0.2% against the dollar yesterday, and hit a 2-week low of $1.0992, as investors focused on high-yield assets.

President Donald Trump has formally signed bills passed by Congress to support Hong Kong protesters, which include sanctions for human rights abuses in the city that has been in turmoil for months against the erosion of freedoms since the return of Chinese rule in 1997.

The Chinese ministry of foreign affairs stated that it firmly denounce the US bills, and threatened to take firm countermeasures against the US interference in its internal affairs which are destined to fail.

This escalation of the ongoing political tensions between Washington and Beijing, complicates efforts for putting an end to the trade war, and may lead to stalling the phase one trade deal, after strong signs on its completion.